Part of the KashHomeBuyers Real Estate Glossary
A short sale occurs when a homeowner sells their property for less than they owe on the mortgage, with the lender's agreement to accept the reduced payoff and forgive the deficiency. Short sales require lender approval of both the sale price and the terms, which can take 2-6 months. The process requires extensive documentation (hardship letter, financial statements, proof of income), and the lender may still pursue the deficiency balance in some states. KashHomeBuyers negotiates short sales directly with lenders on behalf of underwater homeowners. We handle the entire lender negotiation process at no cost to you. Short sales are a common alternative to foreclosure for homeowners who owe more than their home is worth and need to sell quickly.
When you sell to KashHomeBuyers, understanding Short Sale helps you evaluate our offer and know exactly what to expect at closing. We explain every aspect of our offer calculation — including how Short affects your net proceeds — with full transparency and no pressure.
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