What is a short sale?
A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt. Currently many lenders will consider the debt paid in full and satisfied upon acceptance and closing.
If you are interested in finding out if you can qualify for a short sale, please complete the information below.
Note: The short sale process is NOT for the faint of heart. In can take time and work. Be prepared to provide copies of taxes, pay stubs, mortgage statements. It can take work, but IT IS DEFINITELY WORTH IT, to save your credit!
Before submitting the form please click on this link to print out a short sale packet.
A few words from a recent Seller...
07/13/2011
My wife and I are extremely pleased with the recent short-sale of our home through the Residential Group. Being Active Duty Military, we had PCS’d from the Fort Bragg area and initially listed our home with another agent. After one full year of inactivity from that agent, we changed to the Residential Group. Without even meeting anyone in person, Mitzie and Sherrill immediately began an aggressive marketing campaign that led to the successful short-sale of our home. Mitzie went above and beyond, coordinating everything over the internet between us, the lawyers and the bank. She was exceptional at keeping us informed of the progress of the short-sale and at staying one step ahead of the bank for everything that they needed. We could not be more happy with the service that we received from Mitzie and the Residential Group and highly recommend them to anyone who is selling their home, especially through a short-sale.
Thanx Mitzie
Please choose the Short Sale Packet for your mortgage company. If it is not listed please choose just the "Short Sale Packet" listed below.
Short Sale Packet
Chase Short Sale Packet
CitiMortgage Short Sale Packet
Upon completion, please return the packet to:
by fax: 910-438-0882 (Attn: Short Sales)
by email: Trg.shortsales@gmail.com
by snail mail: The Residential Group
103 Roxie Avenue
Fayetteville, NC 28304