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A short sale occurs when a home is sold for an amount less than the full payoff amount of the loan. Getting your lender to accept less than what is owed can be difficult, confusing and stressful. Short Sale Nation is a nonprofit organization that assists homeowners and real estate agents with proven resources to help facilitate a successful short sale transaction.
Currently our economy is in crisis and the crash of the housing market is playing a big role. There are efforts being made to fix it. "But for the people trying to sell their home, refinancing or loan restructuring of any kind, doesn’t take away negative equity." If someone is trying to sell their property and owes more than it’s worth, they’re stuck and it may be to no fault of their own. The only way to cure that situation for the betterment of the housing market and our economy is through a transaction…a sale of the property. And the only way to sell that negative equity property, unless the seller comes to the closing table with the difference, is to do a short sale. Short Sale Nation(TM) is a nonprofit trying to help everyone who needs to do a short sale, get it done and keep a foreclosure from happening. In doing a short sale, lenders must recognize the current value of the property and adjust their expectations to an amount that can be covered as the property is sold to a buyer in today’s market. That may sound simple, but the short sale process is not simple and we’re trying to make it easier for people who need help. Short Sale Nation doesn't charge any fees, as we’re supported by sponsorships.
Your lender is also held accountable for how they interact with their customers doing a short sale. Please take advantage of this COMPLIMENTARY membership that provides you with a valuable and easy to use short sale "self service" tool. Click here for more detailed membership benefits.
Real estate agents benefit tremendously by utilizing Short Sale Nation. There is no fee to the agent or the homeowner. Watch the real estate agent video introduction. If you are having trouble logging in, you can contact customer support.