When you owe more on your mortgage than your home is worth, a traditional sale isn't possible. Learn how a strategic short sale can help you move on without bringing cash to closing.
Consult a Local Expert TodaySelling an underwater property requires lender approval, specialized negotiation, and a deep understanding of market positioning.
The bank must agree to accept less than the full payoff amount. This requires submitting a comprehensive financial package and hardship letter.
The home must be priced attractively enough to secure a buyer quickly, but high enough that the lender will approve the discounted payoff.
Most underwater properties are sold "as-is". The lender will not pay for repairs, so finding the right buyer who understands this is crucial.
An "underwater" property simply means financial distress (you owe more than it's worth). A "distressed" property usually refers to physical disrepair. We handle both, but the strategies differ.
A Certified Underwater Real Estate Specialist can evaluate your property and mortgage situation for free, giving you a clear path forward.
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