Distress help
When you owe more than your home is worth, a short sale lets you sell it anyway, with the bank accepting less than the payoff. It is a specialized, paperwork-heavy process, and it is one of the areas I know well, from the appraisal letter to the bank approval call.
This page explains how a short sale works, what it takes, and what your alternatives look like first.
The short sale is a process; the plan is the leverage.
The list price sits below the loan balance, so every offer requires the bank's approval of the price, the shortfall, and the terms. That approval comes through a negotiation package: comps, repair estimates, documentation of hardship, and a letter that argues your side. Done right, it closes the loan obligation without you paying the gap.
The bank approves the price only when the package proves the shortfall is unavoidable, and every line of that package is negotiable. I have negotiated these approvals, kept them moving through bank departments, and managed the delays so they do not wreck your closing. This is not a transaction to learn on the job.
The bank typically covers a portion of the seller side costs in a short sale, but every loan servicer differs, and tax consequences can apply. I connect you to the accountant and housing counselor for the tax and credit details, because the whole picture matters more than the sale alone.
Next step
Whether you are buying, selling, relocating, or just starting to explore, the first step is a free call. Bring your questions; I will bring the research.
