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Short Sale Consultaion Helpline: (805)206-6363

What is a short sale?

A short sale occurs when you owe more on your property than what it is currently worth. You are asking the lien holder to sell your property "short" and release the lien on your property so you can sell it at market value and avoid foreclosure. 

Why short sale and not foreclosure?

Through short selling your property the consequences are not as high as foreclosure. We have seen people who have done a short sale and have purchased a home the very next year. By doing a short sale, your FICO scores will be much better than if you were to get foreclosed on. If agreed, what shows up on your credit report is paid as agreed. A foreclosure could cause you to lose your sercurity clearance and will haunt you permanently. There are even some banks that offer relocation assistance when you short sale your property. One bank in particular offers up to $30,000! 

Who qualifies for a short sale?

For a bank to allow borrower's to short sale their property they must show that they have a financial burden (aka "hardship/insolvent). A hardship is something has changed in the borrower's financial situation and they will not be able to pay their mortgage. Some examples are:

  • Reduced Income
  • Job Loss
  • Business Failure
  • Divorce
  • Death of Spouse
  • Inheritance
  • Relocation
  • Military Service
  • Monthly Increase in mortgage payment
  • Separation
  • Debt
  • Imprisonment

Insolvency: for the bank to recognize that you are in fact insolvent, you must show documentation that you are having diffuculty keeping up with your expense's

Free Consultation

Free Services!

We do not charge you at all for our services or our advice. We negotiate with the banks the short sale and in doing so, we get paid directly from the bank. NO COST TO YOU.

Short Sale Home Searches

 Short Sale Programs

Bank of America Cooperative Short Sale: This program offers up to $30,000 for relocation and moving assistance. Through this program, the short sale is approved before there is even an offer. BofA will give you the parameters they are looking for and you proceed with your real estate professional to market the home. If the property doesn't sell with in 120 days they require a deed-in-lieu where the borrower signs the deed back to the lien holder. According to the bofa website, you may be eligable if you meet the following criteria:

  • your loan is secured by a participating investor (a third party that has ownership of the loan)
  • you are not eligible for or were declined for the federal government’s Home Affordable Foreclosure Alternatives program
  • you owe more on your house than it is worth
  • you are experiencing a hardship (such as a job loss, divorce or medical emergency) and are no longer able to make payments on your home loan

HAFA: Home Affordable Foreclosure Alternative is a program designed by the U.S. Treasury in 2009 to help those that were facing foreclsoure. The government offers a $3,000incentive for the homeonwner to move, free's them from any deficiency judgement for judicial states, and offers the lien holders cash incentives to push the short sale through. HAFA completely releases you from your debt obligation making it a very favorable program. According to if you meet the following criteria you may qualify:

  • You have a documented financial hardship.
  • You have not purchased a new house within the last 12 months.
  • Your first mortgage is less than $729,750.
  • You obtained your mortgage on or before January 1, 2009.
  • You must not have been convicted within the last 10 years of felony larceny, theft, fraud, forgery, money laundering or tax evasion in connection with a mortgage or real estate transaction

 FHA Pre-Foreclosure: This program is similar to the HAFA program where there is a cash incentive to help the homeowner move. They offer a $1,500relocation incentive, release of liability for deficiency judgement, and lien holder incentives. Your loan must be FHA insured.

Other Options to AVOID Foreclosure

Deed-in-Lieu of Foreclosure: Instead of the bank going through the foreclosure process (which is costly to the bank) the borrower conveys all interest back to the lien holder (signs the deed back). In the states that are Judicial, the lien holder may release them from their debt obligations and not pursue a deficiency judgement.

Loan Modification: If a borrower still has the means to afford a mortgage payment close to what they were paying, then it is possible that the lien holder will renegotiate terms of the loan.


Homeowners Assistance Program:


Why Choose Us for SHORT SALE Help?

We are experts in the field and have helped several families AVOID foreclosure. We are "The Smart Team" (founded by Larry Smart) and have over 27 years of experience. We are simply here to help. We understand this is a very serious and temperamental situation to be in. We do not take it lightly. You are our number one concern and strive to help out as many people as possible. We are not here to steer you wrong. We will give you a FREE Consultation and if we can help you, we DO NOT charge you. We negotiate with the BANKS to pay for our service. We look forward to helping you!

Simi Valley Short Sale Experts

Our Hub is in Simi Valley, however we are able to guide you from any part of the country. Because Simi Valley is our hub this is where we have done most of our short sales.


Call us today to avoid foreclosure. We have been there ourselves facing foreclosure and this is what has driven us to get the information out there. You have options. Let us help you and start your life with a clean slate. If you are facing difficult financial times short sale may be the best option for you. We look forward to working with you! You are not alone. There are 1,000's of people in Ventura County that are in the same position as you. Get HELP! Know your options and call us Today! (805)206-6363