Short Sale

A short sale is the sale of real estate in which the net proceeds from the sale of a property will fall short of the debts secured by liens owed against the property. All lien holders must agree to accept a lesser amount owed in order for the homeowner to avoid foreclosure and a short sale to take place. Projection Realty is well versed in helping homeowners avoid foreclosure through the short sale process, should you decide to sell, give us a call 503-757-6016

What If I am Heading Toward Foreclosure?

• • A homeowner in default will receive notice of intent by their lender and then a Notice Of Default. At this time the lender is giving notice that the property is in default and that the foreclosure process is beginning.  Projection Realty is well versed in helping homeowners avoid foreclosure through the short sale process and other means, should you decide to sell, give us a call 503-757-6016.

You may have enough equity that Projection Realty can help you sell while working with your lender and avoiding foreclosure.  Don’t let the bank walk away with your equity!

What Should I Do If I am In This Situation?

• Don’t be afraid to call your lender. A lot of homeowners are afraid to make the call. You have the right to protect your property and credit, by making that phone call you may even find out that your lender has a way of helping distressed property owners. If you are unable to come up with an alternate solution Projection Realty may be able to help you get approval from your lender to do a short sale, in doing so this will save you some credit and save your lender a lot more money than foreclosure in most circumstances. If you have more than one lender it is best to talk with each of them so you can understand their policy and procedure for short sale approval.

Projection Realty is well versed in helping homeowners avoid foreclosure through the short sale process and quick sales, should you decide to sell, give us a call 503-757-6016.

You may have enough equity that Projection Realty can help sell while avoiding foreclosure, helping you to walk away with your equity.

While Projection Realty is available to help you through the default process, we are unable to give legal advice. If you have a legal question it is best recommended to seek the advice of an attorney.