Short Sale in Rhode Island

A short sale is when the lender agrees to accept less than the full amount it is owed allowing the borrower to sell or refinance their home.

In some circumstances clients just want to sell their property to get out from under the mortgage payments. Depending on when they purchased their home its value may have dropped below the amount due to the mortgage lender. It is in these situations that we can step in on a client's behalf and negotiate with the lender to take less money and allow the property to be sold. This is known as a short sale. Lenders do not want to own more property and are likely to review and accept a well organized argument for short sale consideration. It is better for your credit rating to show a short sale rather than a foreclosure. We are here to help you achieve that result.