Short Sales occur when borrowers sell their property for a sales price less than the amount owed to their lender(s) after all sales expenses, including brokerage fees, are taken into account. In order for a short sale to occur, the lender must take less than the full amount owed.
A successful short sale will result in the sale of the home, and the lender discharging the mortgage.
When we negotiate the short sale process for you, there will be no out of pocket cost because we get the lender to pay our attorney fee!