A short sale is when a home is sold for less than the amount owed to the lender or lenders. The majority of homes in Nevada currently listed or recently sold have been in the form of a short sale.

Benefits of a Short Sale

Selling your home for less than what is owed is not an easy decision. However, if you are in a position where you are extremely upside down in your mortgage or facing a foreclosure, a short sale may be an option to consider. The benefits of a short sale often include

• Less damage to your credit than a foreclosure. A short sale is not reported on your credit history. A foreclosure is reported and stays on your credit for up to 10 years.
• A homeowner who successfully negotiates a short sale may be considered for a Fannie Mae backed mortgage after only 2 years. A foreclosure makes the homeowner ineligible for a minimum of 5 years.
• Lenders may consider the sale price as “paid in full” forgiving the deficiency.
• You can move forward to a brighter financial future in considerably shorter time.

Why Choose Marshall Realty?

1. By working with Marshall Realty you will benefit from the experience of over 4 years in successful short sales. Longer than any other agent in the Washoe Valley.
2. We are familiar with the short sale requirements of each lender.   
3. Your calls will be answered! You will be kept up to date every step of the way.
4. Your property is listed in MLS and available to all interested buyers.
5. You will not have a sign advertising it as a "Short Sale" or "Pre-foreclosure".
6. You never pay a fee. Lenders pay the commission from the proceeds of the sale.