What is a short sale?


Simply put, a short sale occurs when a lender agrees to take less than the amount that is owed on a piece of property. The benefit of a short sale occurs when your net proceeds from a short sale are insufficient to cover your loan balance, but the lender agrees to take a lesser amount. A successful short sale includes the lender forgiving any remaining loan balance, clearing you from any future contractual obligations to the lender. California Short Sale Solutions provides short sale counseling and services to any homeowner in the state of California at no cost.

Short Sale Example

Short Sale Example

Total Loan Balance: $400,000
Your Home is Worth: $220,000
You are Upside Down: $180,000
California Short Sale Solutions negotiates with your lender and successfully short sell your home for $220,000. Your unpaid balance of $180,000 gets forgiven, so your loan balance becomes $0.

We at California Short Sale Solutions can identify and implement the best possible Short Sale solution, which will help you avoid foreclosure. Our counseling and short sale services are provided at no cost. Once we have reviewed your situation we will negotiate with your lender to come up with a solution. Our purpose is to secure a fair agreement with your lender. Speak to a counselor today: 1‑800‑760‑9156.