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Short Sales

In past years, lenders made property loans that were over the value of the homes in the area. As home prices declined during the recent real estate crash, loan amounts began to exceed the value of properties, causing a condition known as "under water".

If you owe more on your home than it's worth in the market you may be able to take advantage of a short sale, especially if you are forced to sell your home before the real estate market rebounds. In a short sale, you sell your home for its current market value and the lender agrees to accept that amount to pay off the mortgage in full.

Short sales can be complicated. That's why we've teamed up with an attorney who specializes in short sale negotiations and can negotiate with your bank to accept a sale price lower than the actual loan amount. There is no charge to the seller for this service.

To find out more about short sale opportunities for your home, contact The Richter Group today!