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Frequently Asked Questions
Have questions? We’ve got answers to help you navigate short sales.
What is a short sale?
A short sale occurs when a homeowner sells their home for less than the amount owed on their mortgage. This process requires lender approval.
How long does a short sale take?
The timeframe for a short sale can vary, but it typically takes 3 to 6 months from listing to closing, depending on lender responses and negotiations.
What are the benefits of short sales?
Short sales help homeowners avoid foreclosure, preserve their credit score, and often provide a quicker resolution to financial distress.
Do I need an agent for a short sale?
Although not required, having a knowledgeable real estate agent can greatly improve your chances of a successful short sale process.
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