Real Estate and Short Sales

If a homeowner falls behind on his or her mortgage payments, usually due to a job loss, rising debt payments, or both. Facing a situation in which the home value has fallen and cannot be sold for the amount owed on the mortgage, A DPS Network short sale negotiator can work with the lender to sell the home for whatever the market will bear. If the amount of the sale is for less than the amount owed on the mortgage, the lender gets the proceeds and discharges the remaining debt.

One of our Short Sale negotiators will assist you to identify and implement the best possible Short Sale solution helping you to avoid foreclosure. After a thorough review of your situation, we will work your lender to come up with the appropriate solution and we will diligently negotiate to secure a fair and equitable solution with your lender.
Using our revolutionary program, Pronounced “LOCK SQUARED” Allows us to achieve a 97% closure rate for short sale properties in our network, Deals close quicker and both buyer and seller satisfaction is unparalleled. There are typically no out of pocket fees associated with short sales. The borrower´s current lender usually pays for the real estate services provided.

Other Short Sale Considerations

In both cases, short sale and foreclosure, the delinquent mortgage can negatively affect your credit rating, at least short sellers avoid having a “debt discharged due to foreclosure” on their credit reports. Mortgage and credit experts say that, after bankruptcy, having a foreclosure on your credit report is the worst result and will reduce your credit score by over 250 points. You could also have to wait up to several years to qualify for a mortgage at a reasonable rate.

However, Short sales show up on a credit report as a “pre-foreclosure in redemption” status and can result in a credit score reduction of 100 points or less. After the sale, the mortgage may show up as “discharged.” People who successfully complete a short sale may also qualify for a mortgage at a reasonable interest rate in as little as 18 months or less. So, if buying a home is a future goal, then a short sale is the better option.

Also, the borrower will usually need to prove a “hardship” and therefore be unable to continue making payments on the mortgage. A hardship situation is one that is the result of some extenuating circumstance that forces the borrower into a position where they can no longer afford their mortgage payments. While every situation is different, some frequent examples of hardship include:

  • Decrease in the value of the home
  • Unemployment or loss of primary income source
  • Inability to work due to health crisis
  • Mounting medical expenses
  • Employment relocation
  • Failure of business
  • Bankruptcy
  • Death of spouse or significant other
  • Divorce or separation


In addition to the homeowner proving hardship, lenders require a specific set of supporting financial documents to consider a short sale.

Contact a DPS Network short sale negotiator today to get the LOCK SQUARED program working for you TODAY.