A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff. This means that the lender will release the lien that is secured to the property upon receipt of less money than is actually owed.

• For most individuals and families, their home is their largest financial asset, and deciding to sell it is a big decision that involves a lot of preparation and work. When you're ready to sell it's important to have an experienced real estate professional handle the details involved in the successful sale of a home for top dollar.
 
• As experienced professionals who have helped many Greater Sacramento residents sell their homes, we know how to handle every aspect of the sales process - from strategically marketing and showcasing your home to making sure everything's signed, sealed and delivered by the closing date.
 
• Providing you with comprehensive, high-quality listing service is our top priority. So when you decide to sell your home, please contact our Sacramento realtors and we'll get the short sale process started for you.

A short sale can be a time-consuming process, but if you can avoid foreclosure, it's worth it in the long run.

First and foremost, our short sale service relieves the stress of being in foreclosure and being hounded by the mortgage lender; and it allows you to get rid of your big mortgage payment and move on with your life. A short sale allows you to stop the foreclosure and get a fresh start. This is the primary benefit to you. A short sale also prevents additional damage to your credit. Having some late payments and a foreclosure filed has already done damage to your credit. However, a completed foreclosure will do much more damage and lower your credit score tremendously. A short sale results in the mortgage actually being paid off, which reflects positively compared to a foreclosure. Also, it is important to note that the short sale does not cost you any money. You can remove this burden for free.

Code 3 Real Estate has a staff of some of the most experienced negotiators in the nation. We are effective because most of our employees have worked and managed in the lender's loss mitigation departments and have been trained in short sales as their specialty. Our Sacramento area staff has successfully negotiated over 100 short sales with most, if not all banks. Some of those banks include; Chase Bank, EMC Mortgage, Wells Fargo, HSBC, Wachovia, Litton Loan Servicing, OCWEN, Homecomings Financial, GreenPoint Mortgage, Specialized Loan Servicing, Bank of America, HomEq Servicing, JP Morgan, IndyMac Bank, Countrywide Mortgage, Saxon, ING Direct, US Bankcorp, WAMU, First Franklin, AHS and many more...

Are you facing foreclosure and tempted to stay in your home until the bank pulls it out from under you?

Bad idea. Don't do it. A much more graceful exit is a short sale, an agreement between you and your lender to sell your home for less than you owe. Although there's no guarantee that your lender will let you avoid foreclosure with a short sale, new government regulations are aimed at encouraging lenders to do so.