Several possible outcomes may result from listing your property as a short sale.
The best option is, after listing your property, the bank accepts the offer and we can proceed with the closing process. Your house is successfully sold and you are then out from under your mortgage.
After listing the property for sale and submitting an offer to the lender, they may deny the purchase price offered to them and continue to hold out for a higher price. This may result in a failure to get an offer at the lender’s desired price and the foreclosure process will continue on the property. Unfortunately, short sales are not always successful. Lenders are not obligated to agree to a short sale; therefore we cannot guarantee a successful short sale. However, Relogic has an extremely high success rate in bringing short sale listings to close and we make every possible effort to sell your house. Remember, there is absolutely no charge to you for our services.