Short Sale

We are Short Sale Specialists.

A short sale in real estate is an offer of a property at an asking price less than the amount due on the current owner’s mortgage.

A short sale is usually a sign of a financially distressed homeowner who needs to sell the property before the lender seizes it in foreclosure.

All the proceeds of a short sale go to the lender. The lender then has two options—to forgive the remaining balance or to pursue a deficiency judgment that requires the former homeowner to pay the lender all or part of the difference. In some states, this price difference must be forgiven.

Look no further for short sales specialists than Federal Standard Abstract. We have designated short-sale experts that specialize in closing these complex transactions. Our smooth short sale closing process has made us a top choice for asset management companies across the country.