Commercial • Residential • Income • Development

Foreclosure is not the only option!

Do you owe more than your property is worth?

Many homeowners are behind on their payments and don't know what to do. Many think foreclosure is the only answer. A negotiated short sale is often a better alternative. A short sale allows you to sell your home for less than you owe with the lender's approval.

The benefits include:

Your credit will be less negatively impacted

You may be able to get new financing in as little as 2 years (as opposed to 7-10 years after foreclosure)

You will likely avoid a deficiency (mortgage debt satisfied)

You will retain more control over your home (including when you will move out) than you will if your home is foreclosed

You will avoid the stigma associated with foreclosure


A short sale is usually a better alternative for your lender as well. They typically will realize more money from a successful short sale than from foreclosing on the property. The bottom line: everyone wins. Click here to see a short video explaining short sales.


If you are "underwater" on your mortgage, give us a call. Let us guide you through the process and help you move on with your life.