Short Sales
A short sale happens when a home sells for less than the amount owed on the mortgage and the lender agrees to accept the sale proceeds as payment in full. It is one of the most complicated transactions in real estate, which is exactly why experience matters. Cathy has closed more than 300 short sales, and she knows the lenders, the paperwork, and the process inside out.
What is a short sale, in plain English?
If your home is worth less than what you owe on the loan, a traditional sale may not pay the mortgage off. In a short sale, you sell the home at its market value, and the lender agrees to accept that amount and forgive the remaining balance. The homeowner still sells the home; the bank simply accepts less than it is owed.
Short sale vs. foreclosure: which makes more sense?
A foreclosure is controlled by the lender's timeline and takes the decision out of your hands. A short sale is controlled by you, and it may have a smaller impact on your credit and your future borrowing ability. It is not the right choice in every situation, but it is an option every homeowner in this position deserves to understand.
What does the lender look at?
The lender reviews the property value, the amount owed, your financial hardship, and the offer on the table. Presenting that package correctly matters, and errors slow the process down or sink it. More than 300 closed short sales means Cathy has prepared these packages many, many times and knows what lenders need.
What should you expect on timing?
A short sale involves both you and the lender, and lender timelines can stretch longer than a traditional sale. Cathy is honest about this up front, she stays on the lender throughout the process, and she keeps you informed so you are never wondering what is happening.
Can I sell my home if I owe more than it is worth?
Yes. That is exactly what a short sale is for: selling at market value when the loan exceeds that value, with the lender's approval. The key is a properly prepared package and an experienced negotiator.
How long does a short sale take?
Every file is different, and lender timelines vary. Cathy will give you a realistic picture for your specific situation and will push the file forward as fast as the lender allows.
Will a short sale ruin my credit?
A short sale can affect your credit, but in many cases less severely than a foreclosure. The details depend on your personal situation, which is why you should understand all your options before deciding.
14 Day Home Offers
A structured selling strategy that creates buyer competition and transparent offers, often on an accelerated timeline.
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Traditional Home Listing
The proven path: strategic pricing, preparation, wide marketing, and strong negotiation through closing day.
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Pre-Foreclosure Help
Understand your options before a foreclosure sale, protect your equity, and find a realistic path forward.
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Every Situation Is Different. Let's Look at Yours.
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