“Short Sales are a fact of life. So many Sellers need to get out from underneath their homes, and Buyers see the value in purchasing these homes. Having Cathleen Benedetto, Esq. on my team has been crucial to having a smooth transaction.”
-Donna Bihn, Exit Links Realty
The Short-Sale Process
You will likely come across dozens of properties in foreclosure with little or no equity, that is, the seller owes at close to or more than the property is worth. In these situations, lenders are sometimes willing to accept less than the full amount due, commonly referred to a “short pay” or “short sale.”
At the Law Offices of Cathleen Benedetto, we have successfully negotiated all types of short-sales with a wide variety of lenders. If you are in the unfortunate position that you owe more on your house than it is worth and are considering a short-sale, please call us to discuss your options.