Denver Short Sales Specialists

Denver short sales can provide excellent investement opportunities for those who understand what they are and the steps to acquiring Denver short sales properties.

A short sale occurs when a property owner needs to sell, but owes more on their property than the property is worth. In the past, it was rare for a bank or lender to accept a short sale. Today, because of overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting Denver short sales approved.

But to be technical, here's a more official definition of a short sale:

The property owner is 'short' when the amount owed on his/her property is higher than current market value.
A short sale occurs when a negotiation is entered into with the property owner’s mortgage company (or companies) to accept less than the full balance of the loan at closing.
A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.

For a property owner to qualify for a short sale, they must fall into any or all of the following circumstances:

Financial Hardship – There is a situation causing the owner to be unable to pay the mortgage.
Monthly Income Shortfall – In other words: "You have more month than money." A lender will want to see that the property owner cannot afford, or soon will not be able to afford their mortgage.
Insolvency – The lender will want to see that the property owner does not have significant liquid assets that would allow them to pay down their mortgage.

This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals, like Dunn and Company. Investors interested in Denver short sales need to find an expert in the field ready to identify all possible options and, when possible, assist in the quick execution of a short sale transaction.

If you have questions about Denver short sales, please contact Dunn and Company for a free consultation. Call us at 1-877-316-4324 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Or fill out the form below to have a Denver short sales expert contact you.

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