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Marie Sweetland, Realtor®

Coldwell Banker Red Rock Realty
phone: 719.963.0616

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Short Sale Information For Sellers & Buyers


Avoid Foreclosure: Damage Control & Solutions

Stop Foreclosure with a Real Estate Short Sale

In many instances, it may be possible to avoid foreclosure by pursuing an alternative sales method known as a ‘Short Sale’. A Real Estate Short Sale is a process for selling a property for an amount that is lower than what is owed to the lender. Acting as your Realtor® and Short Sale Co-ordinator, I work to gain your lender’s approval to accept less than what is owed on your mortgage.
A successful short sale will stop a foreclosure, and allow you to sell your house with dignity. You avoid the psychological trauma of foreclosure: no notices in the newspaper; no signs posted on your home with auction dates.
You also avoid the damage a foreclosure will do to your credit. A foreclosure can stop you from purchasing another home for 10 years! In most cases, a short sale will not do that type of long term damage to your credit.
It’s a misconception that banks want to take your home back. In most cases, a home acquisition hurts them too. Every unsold home is costing your lender time and significant amounts of money to upkeep. Sometimes the best solution for stopping foreclosure is a short sale. And…your lender pays all fees associated with the sale of the property, including the Realtor® commission!
Short Sale Tips
Short sale tips vary depending on if you’re a buyer or a seller. Sellers, obviously, are often trying to avoid foreclosures by doing a real estate short sale. The problem is they usually don’t know the steps or understand the complex process. As for buyers, they might wonder if there are any special requirements they need to adhere to when purchasing a real estate short sale. Either way, you can learn more about the process by visiting the pages below…
Whether you are a buyer or seller, you’ll need the help of a competent and experienced REALTOR® who understands the current market, one who also has an in-depth understanding of the Real Estate Short Sale process. To find out more about stopping foreclosure and the short sale processes, or to learn about the short sale listings available for purchase, contact Marie Sweetland. Marie offers a FREE consultation via phone or email and can be reached at: 719-963-0616 or via email at:


What is a Short Sale? A bank short sale is a method for selling a property when the lender takes less than the loan amount owed and the mortgage lien is then released on the property at closing.

Why Would a Bank Short Sale a Home? Foreclosures, and the upkeep of a property, are lengthy and expensive propositions. Banks realize that selling for a discounted price, rather than doing a foreclosure, can save them a significant amount of money.

Where Can I Find Advice on How to Short Sale a Home? You’ll find helpful information on the process right here based on whether you’re a BUYER or a SELLER, but in the end, having an experienced & knowledgeable Realtor® working for you is critical to the success of a short sale.

When Should I Start a Short Sale? Preferably as soon as you realize your mortgage is unaffordable and you know what you owe is far greater than what you can sell it for on the market.

How Do Foreclosures and Short Sales Affect My Credit? A foreclosure shows on your credit report for approximately 10 years as a ‘debt not paid.’ By comparison, a short sale will come up as a ‘debt paid’ or ‘debt settled for less than what was owed,’ with the effects lasting 2-3 years. The hit your credit score takes can also differ, with foreclosure being far worse.

My House Has More Than One Mortgage - Can I Still Do a Short Sale? Absolutely, regardless of the number of liens you might have.