Take advantage of the federal MORTGAGE DEBT RELIEF ACT before it expires!  Please contact us for a free confidential short sale evaluation.

Myths About Short Sales

  • The bank would rather foreclose than work with a short sale
  • A financial hardship is required for short sale approval
  • Banks can still seek a deficiency judgement after a short sale
  • There is not enough time to negotiate before foreclosure
  • Making too much money disqualifies me for a short sale
  • You have to fix up your home before short selling it
  • You have to pay commissions and negotiation fees to short sell
  • Short selling my home is unethical
  • Short sales are very difficult to get approved
  • You must be late on your payments to be approved for a short sale
  • Buyers are not interested in short sale properties 
  • All real estate agents are qualified to give me short sale advice

See our Myths section for detailed answers.

Why Avoid Foreclosure?

A foreclosure can be avoided, and the alternatives to foreclosure are many. We believe short selling is one of the best alternatives to foreclosure.

  • After foreclosure, the lender has up to 6 years to file a lawsuit against you
  • Your credit score can be reduced by as much as 200 points
  • The length of negative impact to your credit can be as long as 7 years
  • A foreclosure is generally on the public record and may negatively impact job seekers

Advantages of a Short Sale

A short sale is when the net amount from a sale is less than what is owed to the lender.

  • Short sale negotiations include debt forgiveness, with NO post sale lawsuits or collections
  • Allows you to move on with your personal and financial life
  • Possibility of home-ownership within 2-3 years versus 5-7 years for a foreclosure
  • Impacts your credit report for a significantly shorter period than a foreclosure
  • May be exempt from phantom income-tax due to debt forgiveness (Mortgage Debt Relief Act)

Real Approvals!

Clients with Short Sale Approvals

  • California investor with multiple properties, all approved
  • A family who experienced a reduction in income because the working wife became a mother and stayed home to care for the children
  • Family who earns over $180k a year after a reduction in income
  • Divorcee whose ex-spouse earned half the income and moved out
  • Individuals going through chapter 7 or 13 bankruptcy
  • Someone who recently lost his job and had to move out of state
  •  Scottsdale homeowner whose loan was over $120k more than the approved short sale price of the home

IMPORTANT NOTICE. Front Line Realty is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.