A short sale is the sale of a house for less than what the owner still owes on the mortgage. If the lender agrees to a short sale, the rest of the homeowner's debt typically is forgiven.

Lenders agree to the procedure in order to take a small loss and avoid the lengthy and costly foreclosure process. Most importantly, a short sale is a win-win-win situation. Short saleThe seller gets out of the mortgage liability without facing bankruptcy. The buyer gets the home at a reduced price. The lender agrees to a loss it considers minimal without going through a foreclosure and being saddled with an unsalable property.

The biggest problem with a short sale is its complicated legal procedure. Generally short sales are regarded as taking too long to process with their closing time uncertain at best. This is why many agents avoid listing short sales.

Did you know that…

...of 600,000 active real estate agents, less than 20% work with short sales?
… of the 20%, no more than 1% are true short sale experts?
…70% of real estate agents have rated their last short sale transaction as difficult or extremely difficult?
…less than 3 out of 5 short sales close successfully?

Every day hundreds of real estate agents rely on National Closing Center, a company behing National Foreclosure Squad, to negotiate best terms for short sales on behalf of distressed homeowners.

We are NOT a real estate company--we are a one-stop short sale processing destination! NCC is dedicated to short sale processing only. Our network includes attorneys, real estate agents and short sale processors with years of experience in short sale negotiations. No real estate office or a broker can match our expertise, power and technology.