Expert Short Sale Negotiator

 A short sale occurs when a homeowner sells their property for less than the amount owed on their mortgage. This typically happens when the homeowner is struggling financially and can't keep up with mortgage payments. The lender agrees to accept less than the full loan amount as a settlement, essentially agreeing to "short" the remaining balance. 

Homeowners will qualify for a short sale if they owe more on their home than its worth and have a financials hardship.

Stephanie has completed thousands of short sales in her almost 2 decades or helping homeowners.  She is the expert.

Stephanie has helped thousands of homeowners complete successful short sales. She even wrote the #1 selling book- How to Master Short Sales to teach Realtors and Investors how to process short sales.    You need to make sure you have someone working on your short sale that knows What they are doing or else it could fail and foreclose.

The whole purpose of a short sale is to settle your debt.  The lender will release you from the difference owed.  This verbiage will be in the short sale approval letter.

Its very expensive for the lenders to foreclose.  If the lender were to foreclose they would most likely get the same result as just doing a short sale and not foreclosing. 

Yes, Every short sale requires that a licensed agent be involved. The lender will pay agents up to a 6% compensation.   In a short sale the lender is like the seller in the sense the lender is the one taking the loss so the lender is the one paying the compensation and all closing costs. 

An average short sale takes roughly 3-4 months.  So, its more controlled than if it foreclosed.  I would start looking for a place to move as soon as the short sale starts and be prepared to be fully out within 2-3 months.

An FHA short sale is a real estate transaction involving a homeowner with an loan type FHA.  Fha loan are typically used when the homeowners needs to put down under 3% to purchase the home.  So, not much equity is built in if they havent owned the home for very long.  Majority of short sales involve FHA loan types.

 A reverse mortgage is a financial product designed for homeowners aged 62 or older that allows them to convert part of the equity in their home into cash without having to sell the home or make monthly mortgage payments. It’s typically used by retirees who want to supplement their income.   A reverse mortgage short sale is needed once the owner or heirs needs to sell the home.   Majority of reverse mortgages are upside down, meaning they owe more on the home than its worth. 

 A conventional short sale is a real estate transaction where a homeowner, who has a conventional (non-government-backed) mortgage, sells their property for less than the remaining balance on their loan, with the lender’s approval. In this situation, the lender agrees to accept the sale proceeds as full satisfaction of the mortgage debt, even though it’s less than what is owed. 

 A VA short sale, also known as a VA Compromise Sale, is a real estate transaction where a homeowner with a VA loan (a mortgage backed by the U.S. Department of Veterans Affairs) sells their home for less than the amount owed on the mortgage, with the lender's approval. This type of short sale is designed to help veterans or active service members who are experiencing financial hardship avoid foreclosure.