Assisted Short Sales
KW Default Solutions
KW Short Sales
Help When You Need It Most.
(Powered by Keller Williams Realty)
Navigating Short Sales with Compassion & Clarity
Feeling overwhelmed by mortgage payments or the threat of foreclosure? You're not alone, and you still have dignified options. At KW Short Sales, we understand the stress you're facing. We offer a compassionate hand, clear explanations, and expert guidance nationwide, ensuring you understand every alternative to make the best decision for your family and future. Let us help you navigate this difficult time with confidence and peace of mind.
Part of KW Default Solutions powered by Keller Williams Realty
Call or Text 888-980-9820
How We Support You Through the Process
Stay Informed, Always
You'll never be left in the dark. We provide clear, detailed weekly updates every Friday, so you'll always know exactly where your short sale stands. We can even include your buyer's agent for full transparency.
Protecting Your Home's Value
We fight for the most accurate value for your home. Our team attends every appraisal and BPO to ensure fair assessment, and we have licensed contractors ready to dispute any high valuations, protecting your best interests.
Worry-Free Paperwork & Legalities
You won't have to worry about complex paperwork. We handle all thorough title searches, proactively identifying and resolving potential issues like IRS liens, old mortgages, or judgments, so you can focus on moving forward.
Faster, Smoother Closings
Benefit from faster, smoother closings with less stress. Our strong relationships with preferred local title companies mean seamless coordination and timely turnarounds, ensuring a clear path to resolution for you.
What is a Short Sale?
Understanding a Short Sale
A short sale can be a pathway to financial relief for homeowners facing difficult circumstances. It's a structured process where:
  • Your lender agrees to let you sell your home for less than the outstanding balance on your mortgage.
  • It serves as a significant alternative to foreclosure, helping you potentially avoid the severe long-term impact on your credit.
  • The bank accepts the proceeds from the sale as full payment, or negotiates the remaining balance, providing a clear resolution for you.
Why Do Banks Approve Short Sales?
Banks often approve short sales not just to help homeowners, but because it also makes good financial sense for them:
  • Avoid Foreclosure Costs: Foreclosure is an expensive and time-consuming process for banks, involving significant legal fees, property maintenance, and potential deterioration of the home's value.
  • Faster Recovery of Funds: Short sales typically allow banks to recover more money, and recover it faster, compared to the lengthy and uncertain foreclosure process.
  • Minimizing Losses: Banks prefer cooperative solutions that minimize their overall losses, and a short sale often yields a better outcome than a forced auction.
  • A Win-Win Solution: It's often seen as a mutual benefit: homeowners can avoid the devastating effects of foreclosure, and banks can sidestep costly legal battles and asset management.
Required Documentation
To streamline your short sale process, gather the following essential documents. Having these ready will significantly speed up our ability to assist you and negotiate with your lender.
  • Hardship Letter: A detailed explanation of your financial difficulties.
  • Financial Statements: Proof of income (pay stubs, tax returns), and bank statements (last 2-3 months).
  • Mortgage Statements: All current statements for your first and any junior mortgages.
  • Utility Bills: Recent copies of your utility bills to demonstrate residency.
  • Property Information: Recent property tax statements and homeowner's insurance declarations.
  • Authorization Letter: A signed form allowing us to speak with your lender on your behalf.
  • Listing Agreement: Your signed agreement with KW Short Sales to market your property.
  • Purchase Agreement: The proposed contract from the buyer (once an offer is received).
Short Sale vs. Foreclosure: Protecting Your Future
Short Sale Benefits
  • Less damage to your credit score: Typically 50-150 point drop (vs 200-400+ for foreclosure).
  • Shorter recovery time: You may qualify for a new mortgage in 2-4 years.
  • More control: You maintain more control over the process and timeline.
  • Avoid public stigma: Prevents the public record and stress of foreclosure proceedings.
  • Debt negotiation: Potential to negotiate away remaining debt (deficiency waiver).
  • Dignity: You can move forward with dignity.
Foreclosure Consequences
  • Severe credit damage: Damage lasts 7+ years.
  • Longer mortgage wait: May not qualify for new mortgage for 5-7 years.
  • Loss of control: Bank dictates everything.
  • Public record: Affects future housing and employment opportunities.
  • Possible deficiency judgment: Bank can pursue you for the remaining balance.
  • Emotional toll: Significant stress and loss of dignity.
Why Pricing Your Home Right Matters
Attracts Serious Buyers Quickly
Proper pricing generates immediate interest and multiple offers, which strengthens your negotiating position with the bank.
Bank Approval Depends On It
If priced too high, the bank will reject offers or demand price reductions, delaying the process. If priced at fair market value, approval comes faster.
Time Is Critical
Every month that passes means more missed payments, late fees, and credit damage. The right price sells faster, ending your financial stress sooner.
Appraisals Must Support The Price
The bank will order an appraisal or BPO. If your asking price is realistic, the appraisal will support it and approval moves forward smoothly.
Overpricing Costs You
Homes that sit on the market get stale, attract fewer buyers, and ultimately sell for less. Starting at the right price maximizes your outcome.
We Protect Your Interests
Our team ensures your home is priced at true fair market value - not too low (protecting your equity) and not too high (ensuring quick approval).
Your Selling Options: We Find the Best Path Forward
TRADITIONAL SHORT SALE
  • List your home on the open market at fair market value
  • Maximum exposure to all potential buyers
  • We handle all negotiations with your lender
  • Best option when you have time and want top dollar
CASH OFFER PROGRAM
  • We represent you and submit your property to iBuyers, hedge funds, and private equity companies
  • Get competitive cash offers at market value
  • Quick close - often in as little as 7-14 days
  • No showings, no repairs, no uncertainty
  • Perfect when you need speed and certainty
HUBZU AUCTION
  • Creates competition and urgency among buyers
  • Exposure to over 3 million registered bidders
  • Transparent bidding process drives up value
  • Accelerated timeline with set auction dates
  • Perfect for properties that need maximum market exposure
  • Combines the speed of cash offers with competitive bidding
We evaluate your specific situation and recommend the best strategy. Our goal is to get you the outcome you need with the timeline that works for you.
KW Short Sales - Part of KW Default Solutions
Call or Text 888-980-9820
Nationwide Expertise, Local Support
  • 1,100 Market Centers (Offices) Nationwide with over 170,000 agents
  • Our agents receive ongoing training and support to stay on top of constant changes in the short sale industry
  • Continuous education on lender requirements, regulations, and best practices
  • Access to specialized resources and tools that keep our team ahead of industry shifts
  • You benefit from both national expertise and local market knowledge
Download Resources - Coming Soon
Access all the forms you need for your short sale transaction. Download our comprehensive seller package and buyer service agreement to ensure a smooth process. All forms can be uploaded directly to the MLS with your disclosures.