REALTY WORLD® Knox Realty Group, LLCT.W. Shortt, Principal Broker
Back to homeDistressed Property Sales
Short Sales, Pre-Foreclosure, and Distressed Property Listings
If you are behind on payments, facing foreclosure, or holding a property you cannot keep, you have options. Most people in this situation wait too long because they are embarrassed or because they assume it is already too late. Neither of those is a reason not to call. The clock is running. Options exist until they do not. The first conversation is private and it costs you nothing.
Transaction types I work
Short Sales
A short sale is the sale of a property for less than what's owed on the mortgage, with the lender's approval. The process requires lender negotiation, financial documentation, and patience. Short sales typically take months, not weeks. I handle the lender communication and keep the homeowner informed at each step.
Pre-Foreclosure Sales
If you've received a notice of default but the property hasn't gone to foreclosure auction yet, you may have options. A pre-foreclosure sale is the sale of the property before the auction, with the proceeds applied to what is owed the lender. Whether that is available, and how it affects your credit, depends on your lender and your circumstances — confirm with a HUD-approved housing counselor or attorney. The timeline is tight. The first call matters.
Distressed Property Listings
Properties that need significant work, have title issues, or have other complications can still be sold. The buyer pool is smaller and the marketing is different, but a transaction is possible. I list these properties accurately, market them to the right buyers, and close them.
REALTY WORLD® Knox Realty Group, LLCT.W. Shortt, Principal Broker
How it works
How a short sale or pre-foreclosure runs
- 01
We talk
I learn where you stand with the lender and how much time is actually on the clock. Your situation is handled discreetly and in accordance with applicable real estate agency and privacy obligations.
- 02
I look at your options
A short sale, a pre-foreclosure sale, or a straight sale may each be on the table. I explain the real estate sale options that may be available and coordinate with your lender and appropriate legal, tax, or housing professionals when necessary.
- 03
I work with the lender
Short sales need lender approval and documentation. I handle that process so you are not chasing the bank alone.
- 04
I close and move you forward
When the lender signs off, we close. The goal is to complete the real estate transaction as effectively as possible within the lender's requirements and the seller's circumstances.
Common questions
Questions people ask me
REALTY WORLD® Knox Realty Group, LLCT.W. Shortt, Principal Broker
Next step
Talk to me
Your situation is handled discreetly and in accordance with applicable real estate agency and privacy obligations. You do not have to have it figured out before you reach out.
Other transactions I handle