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SHORT SALE

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What is a Short Sale? 

A short sale is when you sell your property for less than what you owe in order to AVOID Foreclosure. 

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What are the BENEFITS of a Short Sale? 

A short sale is one of the BEST WAYS to AVOID Foreclosure.

  • Avoid Foreclosure

  • Save your Credit Score

  • Payoff your mortgage (plus fees, fines, penalties etc.)

  • Full Waiver of Deficiency

  • A Short Sale is FREE

  • Homeowners are eligible for HAFA "Relocation Assistance" funds ($1,500 - $10,000)

  • YOU GET FRESH START!

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Why should you trust ELA Home Solutions with your Short Sale?

We, along with our partners, have been working with homeowners across South Florida getting Short Sales approved for the last 20+ years.  We have successfully helped thousands of homeowners receive an approved Short Sale, a Full Waiver of Deficiency and ultimately AVOID FORECLOSURE.

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Submit Your Information Below to Speak to a Short Sale Expert TODAY!

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FAQ's (Frequently Asked Questions)​

  • Is a Short Sale Complicated?

    • A Short Sale can be complicated for a homeowner, but we and our partners are Short Sale Experts.  We have a 99% Short Sale approval track record.  Once you decide to work with ELA Home Solutions, you (the homeowner) will be able to rely on us and our ENTIRE NETWORK to work on your Short Sale getting approved.​

  • How Long does a Short Sale take?

    • A Short Sale can take between 2 - 6 months to be completed​

  • Can I stay in my home during the Short Sale?

    • Yes.  You are able to stay in your home throughout the entire Short Sale Process​

  • ​When do I need to move out?

    • Once the Short Sale is Approved from the bank, it will take an additional 30 - 40 days to close on the sale.  You (and all residents/tenants) will need to vacate the property by or before the closing date.​

    • Everything is clearly communicated with you throughout the process.

  • What is a deficiency?

    • A deficiency is the balance of what you owe vs the amount the home is sold for.​

      • Example:

        • You owe $250,000 on your mortgage (plus fines, fees, penalties, etc.). Total owed to the bank is $300,000.00​

        • The home is only valued at $225,000.00

        • ELA Home Solutions negotiates and approves a Short Sale with the bank for $225,000.00​

        • You, the homeowner have a deficiency of $75,000 that is owed to the bank. (Don't Panic - see below)

  • What is a Full Waiver of Deficiency?

    • While negotiating and getting approval on the Short Sale - We will work to get you a FULL WAIVER of DEFICIENCY.​

    • At the completion of the Short Sale - You, the homeowner will NOT owe anything on this mortgage.

  • What do I need to do to apply for a Short Sale?

    • Once you decide to move forward with a Short Sale, we will guide you through the process, collect all necessary documents, build and submit the Short Sale package to the bank and manage everything.​

  • How do I start my application for a Short Sale?

    • Fill out the application on this page and setup a time for our team to review your case​.

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