Denver Short Sale Help

Denver Short Sale Help from Your Colorado Short Sale Realtor

It is absolutely justifiable to have questions about short sales and want to know where you can find Denver Short Sale Help that will provide you with answers to questions you have about your finances.

The reality is that millions of American mortgage holders have many questions about short sales. It is very important to look for assistance from a nearby short sale specialist who can assess your situation and help you come up with viable solutions.

If you recently experienced a financial hardship, were recently late laid off, went through a separation, or lost of tenant(s), a short sale could be the right option for you.

Denver Short Sale Help

As a highly experienced short sale real realtor, I will help you determine a strategy. I offer a free consultation during which I will evaluate your specific situation. I will carefully listen to the unique details of your situation and draw from my knowledge and past experience in dealing with short sale transactions to provide you with advice. I will help you uncover the truth and I will help you move towards solid financial ground. Seeking Denver Short Sale Help requires guidance and direction from a real estate broker who has dealt with short sales first-hand.

The information made available on this page will give you a better grasp of the Denver Short Sale Process. In the event you have further questions or would like additional information, please contact us.

Common Denver Short Sale Help & FAQ


A short sale happens when the sum(s) received for the sale of home is less than the amount owed on the mortgage. A short sale is something that must be approved by your lender prior to the sale.  


 To be qualified and eligible for a short sale, distressed homeowners must be experiencing one of the following:

  • Financial dilemma 
  • Monthly income drop
  • Money insolvency


Any event that has brought a devastating financial setback could potentially make you eligible for a short sale. A few examples include: Job loss, relocation, divorce, mortgage modifications, prison/jail sentence, insurance or property increase and military. 


A hardship letter is an important component of the short sale application process that mortgage lenders take into consideration when evaluating your short sale request. The hardship letter must dictate your current situation in a reasonable and realistic fashion. It can be composed by hand or typed. Your letter should state details about your current hardship. All borrowers on the loan must sign and date the letter.  


Lenders usually prefer a short sale to foreclosure. As a rule, banks lose less money with a short sale. Foreclosures from beginning to end are very pricey. Banks are in the loaning business therefore their objective is to recoup as much money as they can as quickly as they can.


In spite of the fact that there is no law set up that stops a property holder from doing a short sale on their own terms, it is preferable to seek the help of an experienced short sale broker because the entire process is tedious and very in depth. There is too much on the line for a single person to handle a short sale without help. 


The settlement expenses provided by the lender will contain any commissions that were included in the short sale.  


  • Choosing someone who is not qualified to deal with your short sale transaction
  • Over or under evaluating  the property and its worth
  • Accepting an offer from someone who is not fully qualified
  • Turning in more than one offer to the lender
  • Having expectations


Deficiencies that are tied in with foreclosures and short sales are viewed as debt forgiveness by the corresponding lenders. More importantly, they are also viewed as debt forgiveness by the IRS.

If you are a distressed homeowner, you should get in touch with an experienced tax advisor that will help guide you to debt forgiveness solutions. They will explain implications stemming from a short sale. Please keep in mind that a short sale typically brings a deficiency that is significantly lower than a full fledged mortgage foreclosure.


A deficiency is essentially the gap that exists between the overall amount from a sale and the loan requirements. If a seller owes $300,000 to the bank upon the short sale being approved, it can return only $225,000 as net proceeds, then the deficiency/gap is $75,000. Tax implications could result from the $75,000 deficiency. 


After either a short sale or a foreclosure, the lender may attempt to recover any money lost through the borrower’s transaction. After a foreclosure, it is likely that lenders will go after deficiencies.

In Denver, the lender is allowed seek a judgment and pursue a borrower by putting liens on property while also garnishing wages and back accounts.

Choosing to complete the entire short sale process as opposed to letting the home foreclose means the borrower has a chance to take over control and negotiate the existing deficiency amount. Additionally, the actual shortage is typically lower in a short sale because the property is sold with assistance from a short sale realtor for actual market value.


BPO is short for Broker’s Price Opinion and is identical with appraising the value of the property at hand. Lenders who are being shortened count on BPO’s heavily to come up with market evaluations and to assure that the property is going to be sold for a reasonable price.

Typically, the lender will grant a request for BPO from provider in a third party who then proceeds to recommend a local realtor to give an in depth market analysis of the current home along with images, pictures and property details. Ever more, lenders are required to provide a full appraisal that has to be completed by approved and licensed appraisers to affirm they have the most quantified valuation of the distressed property.

BPO serves as a fundamental point of focus when it comes to the short sale process. Appraisal, as opposed to a BPO, provides further details on the specifications of the property such as condition and property details. A BPO is fairly biased and can be the deciding factor in a short sale.

We believe that each and every appraiser or agent should be present and met directly in person. They should also provide supporting documents that lend to their credibility along with an offer or full price in hand. Failure to do this could result in a short sale rejection based on delays in registering the short sale in the system.


Your short sale realtor should possess all the attributes of professionalism such as honesty, integrity and passion. They should have a proven track record and expert knowledge to deal with a short sale transaction in a confident manner that will yield worthy results. A good amount of the knowledge in dealing with short sale transactions is essential.

Homeowners who are contemplating the assistance of a short sale realtor should always ask for references and past results of performance to prove credibility. There is too much at stake to put your financial wellness at risk to a short sale provider who is not qualified with extensive experience.

How Do I Get Started?

If you have any questions regarding further insight to Denver Short Sale Help or would like to seek additional insight, feel free to Contact us at any point in time.