Prior to listing your property as a short sale, there are specific costs that need to be addressed to ensure a successful sale. It is important to discuss unexpected expenses with a knowledgeable short sale expert to determine if you will need to take care of these upfront. Specific examples of unforseen expenses that can prevent a short sale from closing include:
- Delinquent Property Taxes
- Delinquent HOA Dues
- Refuse Liens
- Violations (Code or Permit, Trash dumped on property)
- Other Liens (Judgements, Child Support if you have a common name).
Your lender may agree to a short sale, yet refuse to pick up these costs. The result can be a failed short sale and ultimately a foreclosure on your record. Choose the right agent, and avoid these issues from ruining your short sale.
If you have any questions about short sales or real estate in general, please don’t hesitate to contact us.

