List for Sale Now

Get started by answering a few questions.

A licensed Realtor will respond to your inquiry and set up an appointment at a convenient time to explain the benefits of listing your home for sale with Midas Realty Group.  More

Probate and Trust Sales

Probate attorneys, and those requiring an efficient, trouble free asset sale list with Midas.

Trustees are often overwhelmed with handling matters of an estate. We take of the real estate, so they can focus on other needs.More

Short Sale Services

We go above and beyond for our short sale clients to make a difficult process easier.

When mortgage payments become unmanageable, we evaluate a homeowner's situation and discuss options with them. More

Short Sale Frequently Asked Questions

What is a Short Sale?
A short sale is a real estate transaction whereby the current lender(s) agree to allow the owner to sell the property for an amount less than the current mortgage.  In a short sale, the lender agrees to settle the debt owed on the property for less than ("short of") the full amount. In most cases, “settled” means that the lender is writing off the debt (which is why you get a 1099 after a short sale for the amount of debt forgiven) and that they are not going to go after you for the money they lost by filing a deficiency judgment in the future.


 

Can any agent do a short sale?
Absolutely not. Many agents have no interest in doing short sales because they require a tremendous amount of time and expertise, and if you do not know what you are doing, they often go to foreclosure and then the agent does not get paid. If an agent is not extremely experienced at doing short sales  then you may not want to use them.
 In every market, there are agents who specialize in short sales and have a team of staff members assembled to work on them, and then there are agents who are inexperienced at short sales and just recently started trying to do them, learning as they go, because they’ve realized they have no choice due to the state of current market.
You get one shot at doing a short sale – if your agent does not know what they are doing and has not learned the many tricks to the trade, you will likely find yourself being asked to sign a promissory note or worse, be denied by your lender or lenders and go to foreclosure.
In other words, let the inexperienced agents and/or attorneys learn the short sale process on someone else’s property – as the saying goes, don’t allow yourself to be one of the surgeon’s first patients.