Short Sale To Avoid Foreclosure
We'll buy your Washington home as-is for cash in any condition and situation.
Do you want to sell a house but owe more than the house is worth? Can’t afford your mortgage payments? Don’t worry, you can still sell your home through a short sale. We help Pierce, King, Thurston, Mason, Kitsap, and Snohomish county homeowners sell their houses fast for cash without the need to hire an agent, have an open house, or deal with any of the hassles of negotiating the short sale with their mortgage lender. Sell your house as-is in any condition or situation.
No realtors, no fees, no stress or wasted time. Fill out the form to get your cash offer today!
- Cash offers in 24 hours or less
- We buy homes in as-is condition
- No repairs. No hassles. No lost time
- Zero commissions or fees
- No cleaning or junk removal
- Foreclosure, bankruptcy, probate
- Problem tenants? no problem!
- We'll beat other cash offers
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What is a short sale?
When a mortgage lender agrees to accept a lower mortgage payoff amount than what is owed to facilitate the sale of a property by a financially distressed owner, it is called a short sale. The lender forgives the remaining balance of the loan.
Short sales can be a great option for homeowners facing hardship, but they can also be time-consuming and complicated to negotiate. As a result, you need a professional who can act as an intermediary between you and the bank, assisting you to successfully negotiate the short sale of your home.
For over 30 years, we have helped encumbered homeowners successfully negotiate the short sale of their property and we can do the same for you.
Avoid foreclosure and sell your home fast for cash
Avoid foreclosure by selling your house through a short sale. Once we successfully negotiate the sale of your home with your mortgage lender, we’re able to move on with our easy 3 step home buying process. Don’t lose your home to foreclosure, you still have time to sell your property through a short sale. Contact us today to learn your options.
Do you qualify for a short sale?
Here are some questions to ask yourself:
- Would selling your home not be enough to cover what you currently owe on your mortgage(s)?
- Do you have a hardship or difficulty that currently or soon will stop you from being able to pay your mortgage?
An example of hardship would be unemployment or a significant reduction in income, divorce, bankruptcy, medical emergency, essential home repairs you can’t afford, relocating to a new area, or the death of a co-owner.
A valid reason must be provided to the bank for it to accept your case. Keep in mind, however, that you are not required to attempt a loan modification before attempting a short sale.
What do you need for a short sale?
- Two months of pay stubs
- Two months of bank statements
- Two years of tax returns
- A personal financial statement (list of what you own, what you owe, your income and expenses)
- A letter addressed to the bank describing your hardship
If you are or have faced hardship and are unable to sell your home for a large enough price that it will help pay off what you currently owe on the existing mortgage(s), you should consider selling your home in a short sale. Contact us today to learn your options.
Benefits of a Short sale
Get a no obligation fair cash offer on your home that’s guaranteed and honest to avoid foreclosure.
Credit score
Lesser effect on your FICO credit score than with a foreclosure.
You can buy another home
Under Fannie Mae Guidelines, you can buy another home in as little as two years.
Avoid foreclosure
By selling today instead of going into a foreclosure, you are keeping your options open in the future.
The benefit of a Short Sale over a Foreclosure
As your short sale negotiator, we’ll attempt to get your mortgage lender to accept less than what is owed to them on your mortgage, your credit score will only show 30-60-90 day late payments, rather than an actual foreclosure. If you foreclose on your home, you will not be able to get another mortgage for as long as seven years. If you manage to do a short sale, you may be able to get another home mortgage within a couple of years or less.
In this case, your lender must take a reduction in what they are owed. Sometimes your lender will take as much as 20% or less than what is owed. If you have an FHA mortgage, your lender will send out an appraiser and can accept approximately 82% less than the appraised value.
What is a short sale negotiator?
Short sale negotiators provide assistance to sellers in negotiating with lenders. The goal is to convince the lender to accept less than the debt amount on the mortgage(s). There are currently several variations of the term “short sale negotiator.” These are just a few of the terms which exist and are not inclusive: “debt negotiator”, “debt resolution experts”, “loss mitigation practitioners”, “foreclosure rescue negotiators”, “short sale processors”, “short sale coordinators” and “short sale expeditors.”
we buy houses in washington state
Get in touch with us to learn your home sale options and how you can move forward.
Traditional Home Sale
- Realtor Commissions: 6%
- Closing Costs: 2%
- Number of Showings: 15 avg.
- Repair Costs: Varies
- Cleaning Costs: Varies
- Avg. Days to Close: Varies
- Offer in 24 Hours or Less: No
Cash Offer
- Realtor Commissions: 0%
- Closing Costs: 0%
- Number of Showings: 0
- Repair Costs: 0
- Cleaning Costs: 0
- Avg. Days to Close 7: 0
- Offer In 24 Hours or Less: YES
How It works
- We discuss your unique situation and assess your property. We take our time to understand your needs and formulate our highest and best offer for you.
- Once we reach a mutual agreement, we get to work in ironing out the details. We'll negotiate with your mortgage lender to allow the short sale of the home.
- After the bank approves the short sale, we buy your property as-is and settle your debts.
Choose The Option That Works Best For You!
Contact us today and learn how we can help you move onto the next chapter of your life.
A big reason why we established our firm was to help encumbered homeowners save thousands of dollars in hard-earned equity.
At Highest Offer, we’ll take the time to listen to your unique situation and ensure you make the best decision for yourself and your family.
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Sell Your House Fast For Cash In
Don’t see your city on the list? No problem!
We buy homes all over Washington and will most likely buy yours too!
Contact us to receive your no obligation cash home offer!
Frequently asked questions
An all-cash deal enables us to buy your home without financing. To close, we typically transfer funds electronically or with a cashier’s check.
Because a lender isn’t involved, we’re able to keep closing timelines brief. Once we’re under contract, the sale can close in as fast as a week — just enough time for the title and escrow companies to clear any liens, etc.
We look at the location of the property, the current condition, and values of comparable houses sold in the area recently.
There is absolutely no obligation for you. Once you tell us a bit about your property and situation, we’ll make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us.
Great question. We are professional home buyers that can purchase homes in Washington for cash that meet our purchasing criteria. We also own a traditional real estate brokerage with which we can list your property on the MLS. Upon meeting, we can present you with the best options for your individual situation.
Because we also own a traditional real estate brokerage, we can list your property on the MLS. Top local real estate agent, Eli Hale has expertly listed and sold many homes.