A short sale in real estate is not always a pleasant or fast transaction.

When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose, not all sellers nor all properties qualify for short sales.

If you are considering a short sale, there could be drawbacks and we recommend for your protection that you seek legal advice from a competent real estate attorney and call an accountant to discuss short sale tax ramifications.

As real estate agents, we are not licensed lawyers or CPA’s and cannot advise on those consequences. Understanding the liabilities of a short sale is very important in determining the right Real Estate agent for you. Prudential Elite Realty understands the process from beginning to end and will direct you to those professionals to determine the right path.

We handle the time consuming loss mitigation work, creates win-win solutions for clients, lenders and Realtors as well as analyzes each client’s situation to help try and avoid foreclosure.

Our goal is to assist our clients through the mountains of paperwork and have their home close faster in a much more efficient manner. We pride ourselves on our ability to drive measurable results to help our clients move their unfortunate situations forward. We have put in place specific partner relations to ensure all legal issues are resolved and we're working closely with local and national lenders to financially assist our clients in all transactions.

We will offer consulting services to clients in several countries around the world, including the United States, Canada, France, United Kingdom, China and the Middle East.

We look forward to assisting our clients and those of area Realtors.