Short sale questions

A short sale is when you sell your home for less than you owe on your mortgage, and your lender agrees to take that smaller amount. You sell the house. The lender signs off on the deal first.

For many families, yes. A short sale is usually easier on your credit than a foreclosure, and it lets you leave on your own terms. Every case is different, so we look at yours before we say what fits.

A short sale can be a way out before the foreclosure is final. We cannot promise any result, because your lender has to approve it. What we can do is move fast and talk to your lender for you. Timing matters, so call early.

In a normal short sale, the seller does not pay out of pocket for the agent. Fees are usually paid from the sale and approved by the lender. We will go over every number with you before you sign anything.

It depends on the lender. Some approve in weeks. Some take months. We keep pushing the file so it does not sit on a desk.

Sometimes lenders forgive the rest. Sometimes they ask for more. We ask for a full release in writing. Talk to a tax pro or attorney about your own taxes. We are a real estate team, not a law firm.

Our team is based in Minnesota and Wisconsin. If you live somewhere else, tell us. We will do our best to connect you with a trusted agent in your state.