What is a short sale?
A short sale is a property sale where the lender agrees to consider accepting less than the full loan balance in order to approve the transaction.
FAQ
Common short sale questions.
Every situation is different. These answers are general information and not legal, tax, credit, or financial advice.
Who approves the sale?
The lender, servicer, investor, and any junior lienholders may need to review and approve the short sale before closing.
How long does it take?
Timing varies by lender, documentation, offer quality, title issues, investor guidelines, and response times. A complete package can help reduce delays.
Will it affect credit?
A short sale may affect credit and may have legal or tax implications. Homeowners should speak with qualified professionals before deciding.
Do I need an agent?
A trained real estate agent can help price, market, negotiate, and coordinate the real estate side of the short sale process.
How does KW Short Sales help?
KW Short Sales connects sellers and agents with a structured process, training, coaching, and short sale transaction guidance.