What is a Short Sale…?

A Short Sale is when a third party, or lender, allows the property to be sold for less than the total amount owed on the Seller’s mortgage. The third party accepts a proposed buyer's purchase amount and agrees to terms with the Seller as the payoff for the entire debt.

Am I eligible to Short Sale my home...?

Reno Sparks Short Sales are common in our market place, but not everybody in Reno Sparks can Short Sale their home. 

There are certain situational qualifications that a Reno Sparks Homeowner must meet in order to be eligible for a Short Sale. The two main factors, in most cases, are that the home is the Seller’s primary residence and that the Seller has experienced some sort of financial hardship.

There are many kinds of financial hardship including loss of job or wages, health issues, death in the family, divorce, etc.

If you have a question on the details of Short Sale qualification or to speak to a Short Sale Agent email us at ShortSale@DoMoreRE.com or you can speak directly with a DoMore Short Sale Agent by calling (775) 685-8585.

What will a Short Sale cost me...?

A Short Sale is similar to a traditional real estate transaction, with similar closing costs like title insurance, escrow fees, and commissions to the Reno Sparks Realtor, all of which are paid for by the Lender! 

There is no charge for Short Selling your home with our Brokerage!

What is the difference between a Short Sale and a Foreclosure...?

A Short Sale gives you the power to control your current situation.  You can live in your property without paying your mortgage, avoid harassing phone calls, and stop the eviction process! 

During the Short Sale process you can have a stronger sense of when you will be moving, and once there is an accepted offer, there will be no other buyers going through your home. 

Although your credit will be damaged by a Short Sale, it will potentially be far less than a Foreclosure.

Are Short Sales common in Reno Sparks…?

Reno Sparks Short Sales make up over a third of the active Real Estate market and over 60% of the pending sales in Northern Nevada. 

There are more homeowners Short Selling their home everyday due to the benefits and the continuing progress in the Short Sale process.  Lenders are encouraged to approve Short Sales to help homeowners and our communities.

Why use a DoMore Advisor...?

As a Reno Sparks Realtor, we understand how stressful this situation can be and we pride ourselves on putting our client’s best interest first.

An experienced Short Sale Agent at DoMore, can provide Short Sale Help because we are on your side every step of the way, and we can sell your "upside down" home and help you walk away debt free. Remember, this is all done at NO cost to the Seller. 

Whether or not a Short Sale is right for you, the DoMore Short Sale Agents are committed to helping you get started in the right direction.

Call or email us today to set up a free consultation. After all, we are the Reno Sparks Realtor that specializes in Short Sales in Northern Nevada.

(775) 685-8585 or ShortSale@DoMoreRE.com

Short Sale Resources:                         

HOPE NOW
www.HopeNow.com

Fannie Mae Loan Lookup
http://loanlookup.fanniemae.com/loanlookup/

Freddie Mac Loan Lookup
https://ww3.freddiemac.com/corporate

Short Sale Mediation

http://foreclosurehelp.nv.gov/