Frequently Asked Questions

What is a Foreclosure?
What is the foreclosure process?

A foreclosure can happen when the homeowner has not been making the mortgage payments. It is the action a financial institution can take to take the house back. The homeowner borrowed money using the house as collateral with the agreement that if they could not pay it back then the lender could take the house.

What is a Short Sale?
The short sale process information

A short sale is when the lender will accept less than the full amount due on a mortgage when a property is sold. Usually, the lender will accept the short sale to avoid the time and expense of a foreclosure. Financially the lender is actually ahead after a short sale.


Is a short sale right for me?
Short sale is the right option

The Following are reasons why many people may decide to short sell their properties:

  1. If you owe more than your property is worth and it does not make financial sense to keep the house.
  2. If you are struggling to make your mortgage payments.
  3. If your interest rate, monthly payments or mortgage balance has been increasing.
  4. Relocating to a new area however paying for the current property and a new living situation is not feasible.


Do I qualify for a Short Sale?
Here is short sale qualifying information

If your answer is “yes” to any of the following questions then a short sale may be the best option for you:

  1. Have you experienced any hardships since the purchase of your home?
  2. Do you owe more on your property than what it could sell for?
  3. Do you have difficulty covering your monthly expenses?
  4. Do you need funds from other sources to make ends meet?
  5. Is your interest rate or mortgage payment going up soon?
  6. Have you already missed a mortgage payment or are you worried that you will?

Note: Not waiting too long to get started can be critical to the success of a short sale.


What are some examples of hardships?
Here are hardship examples

  • Separation or divorce
  • Medical expenses
  • Inability to work due to health or other reasons
  • Business failure or decline
  • Reduced income or employment
  • Death of a spouse
  • Rise in interest rate or mortgage payment


Will the lender approve a Short Sale even if the homeowner is current on their mortgage?
Lender will approve short sale even if you are current

Yes. In the past banks have negotiated and approved on short sales even when the homeowners were current on their payments.


Can I do a Short Sale if I have 2 or more loans?
What if you have 2 or more loans

Yes. Lenders will evaluate what your house is worth in the current market and then decide how much they will accept. Our professional negotiators are very well trained to work with multiple banks


How will a Short Sale affect my credit?
Short Sale vs. Foreclosure

Financial experts advise that a foreclosure will have much longer and more serious effects on both your credit and future ability to get financing than a short sale will.


How long does a Short Sale generally take?
Timeframe to perform Short Sale

A short sale can take up to 3-4 months however it can take even longer depending on your particular circumstances.  Here are few factors that may change the timeline:

  • The number of loans on the property
  • How soon an offer is submitted to the lender(s)
  • Each lender’s time-frames & procedures for processing offers
  • Negotiating skills also matter as tp how long it can take to close on a short sale property.

What is the likelihood of a successful Short Sale?
99% success rate...we close our short sales

The initial work we do with you is a key factor for maximizing the chance of success. The skillful handling of your file is also imperative and having one point of contact. We are licensed Realtors with extensive short sale experience.  We can increase the chances of a short sale success as in the past we have sold almost every short sale property.  Our success rate is about 99%.

Many Realtors are tempted to try their hand with short sales in today’s market. Unfortunately, even a doable short sale can fail due to an inexperienced Realtor simply not following your lender’s specific procedures and requirements. Lenders may pay little or no attention to such files until just before they are scheduled to foreclose, at which time it is often too late to start over or to make things right. We have licensed and professional negotiators that work full time with our Realtors to negotiate the short sale.


What is a Deficiency Judgment?
Here is Deficiency Judgment information

A Deficiency Judgment can arise when the bank sells your house at foreclosure auction. The bank can sell your house at auction for any amount less than the total amount owing of the debt plus fees. A deficiency judgment can arise if the bank sells the house for less than the mortgage debt. The lender can hold you responsible for the unpaid portion of the loan. This will also appear on your credit report along with the foreclosure. The lender may be allowed to take further legal action such as garnishing wages to pursue payment based on the laws of your state. Some states have restrictions and regulations on deficiency judgments, but unfortunately the majority do not.


How much is the short sale going to cost me?
Zero-Cost Short Sale Process

Unlike other companies we charge absolutely nothing to the homeowner. The lender pays our fees through real estate commissions.  The bank also pays additional fees and costs at closing.  We make sure you are not liable for any out of pocket costs. We do not earn anything unless we successfully complete your short sale.

Our Services

Full Service Real Estate
Professional Full-Time Realtors
Zero Cost Short Sale
No-Cost Short Sale Process Guaranteed!
Professional Negotiation
99% success rate


US Metro Realty
Principal Broker: Kalim Qamar
+1 888.313.0001 ext. 100

Oregon: 10175 SW Barbur Blvd #313B, Portland, OR 97219

Arizona: 17470 N Pacesetter Way, Suite: 99, Scottsdale, AZ 85255

Washington:  9901 NE 7th Ave Suite: A-217, Vancouver, WA 98685