Understanding Short Sales

Most buyers, sellers, and homeowners have heard of short sales—but you may not be familiar with what they really entail. In a nutshell, a short sale is when a homeowner sells their property for less than the amount owed on their mortgage. This happens because they are "short" of the cash they need to pay off their mortgage.

If you're trying to understand the ins and outs of a short sale, know that you don't have to navigate the process alone. I'd be happy to offer you a free consultation and answer any questions you might have.

What's the Difference Between a Short Sale and Foreclosure?

Selling Your Home Through a Short Sale

  • Less impact on your credit

  • You get to sell your home

  • $0 Seller Fees

  • Possible Relocation Assistance/Cash For Keys*


Selling Your Home Through Foreclosure

  • Very damaging to your credit

  • Lender repossesses your home

  • Long/drawn-out closing process

  • Worst-case scenario

Why Choose a Short Sale?

Job Loss

If you've recently lost your job and can't make your loan payments long-term, a short sale is one of the easiest ways to eliminate the burden of your mortgage.


COVID-19 has left many Ohioans ill, without a job, or facing financial difficulties. A short sale may be a good way to get yourself back on track if you're in debt.

Medical Hardship

Excessive medical bills can easily become overwhelming. In this case, it can be beneficial to sell your home to cut down on debt.

Preserve Your Credit

If you've fallen behind on your mortgage payments but don't want to severely damage your credit, a short sale could be a good option for you. On average, a short sale decreases your credit by 160 points, which is much less than a foreclosure. 

My Short Sale Services

Free Consultation

Have questions about short sales? Contact me for a complimentary consultation! I'd be happy to help you understand what exactly a short sale entails and explain all of your options.

Proven Expertise

As Central Ohio's short sale expert, I know a thing or two about avoiding foreclosure and helping sellers navigate the process from start to finish. I have closed over 500 short sales. Best of all, every service I offer to short sellers is completely FREE.

Short Sale Tips

Short sales can help financially distressed homeowners preserve their credit score, pay off their mortgage, and avoid foreclosure. Before committing to a short sale, be sure to do your research and ensure that it's the best option for your needs!

Find a qualified agent

Short sales can be extremely overwhelming for an inexperienced seller. If you need a little help understanding the intricacies of a short sale, it's worth reaching out to a seasoned agent in the Central Ohio area. I would be happy to assist you with every step of the transaction, so feel free to give me a ring with any questions.

Get in touch with your lender

The first step to initiating a short sale is reaching out to your lender. While they aren't obligated to approve the sale, it tends to be an advantageous option for them because they can recover what you owe on your mortgage. Your lender will likely require many documents, such as a hardship letter, a personal financial statement, and other forms. They will also handle almost every detail of the selling process.

Consult with financial professionals

A short sale can be a fantastic solution if you can no longer afford to pay off your home loan. Before you begin the process, reach out to a financial advisor to evaluate your options. You may also want to consider bankruptcy, forbearance, or a loan modification to avoid foreclosure. A short sale may also benefit you if you're trying to increase your credit score or save on home sale fees.

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