Short Selling Homes with Confidence
A Message from U.S. Department of Housing and Urban Development
“If you’re struggling with your mortgage, the HUD Pre-Foreclosure Sale Program can help you avoid the devastating impact of foreclosure on your credit. Instead of walking away, you can sell your home at fair market value — even if it’s less than what you owe — and HUD will cover the difference. This not only helps protect your credit but may also provide up to $3,000 in relocation assistance. It’s a proven way to get a fresh start without the long-term damage that foreclosure can cause.”
Are banks and lenders accepting short sales in 2025?
Yes—banks are still approving short sales as a formal alternative to foreclosure. Most major servicers—such as Bank of America, M&T, U.S. Bank, Fifth Third, PNC—and FHA-backed loans offer structured short sale programs.
How do I know if I am eligible?
Approval depends on documented hardship, being upside-down in your mortgage, and following the bank’s specific program guidelines.
How long does it take?
Timeline is typically 60–120 days, sometimes longer if multiple liens or paperwork issues arise.
How do I move forward? Do I need to contact my bank?
You may contact your bank, or you may meet with one of our real estate agents that can assist you and make the phone calls on your behalf.
What if I have a have a HELOC loan as well?
We are familiar with the process of short selling more than one lien holder on a property. You may contact us for our services.
How are you, the real estate company, compensated?
Aside from listing the property with you, the short sale processing expense is invoiced to the buyer of the property. As a seller, you will not incur this additional expense.