Ranked in the top 1% of Real Estate Companies in the US!
Ranked in the top 1% of Real Estate Companies in the US!

Short Sales

A short sale, simply stated, occurs when a home is sold for less than what is owned on it. Our knowledge, experience, professionalism, hard work, and pure doggedness have resulted in successfully closing over 500 short sales so far.

Here are a few things you should know about how to handle short sales:

  • We will list your home for FREE. You pay NO COMMISSION.
  • We handle all the negotiations with your lender(s).
  • We offer FREE assistance in helping you find a place to live that is willing to lease to those with a short sale credit history.

Recently, some lenders are offering new programs that streamline the short sale process and add cash incentives to those who short sale their home to help them relocate or possible even purchase another home. Please note that this may only pertain to select lenders or programs and you must be able to qualify for a new loan. There are programs available that include some or all of the following features:

  • Less financial documentation required
  • No deficiency judgment on the mortgage
  • No promissory note
  • Minimal credit score damage
  • $3000 or MORE cash incentive paid at closing

Lender Approval Statements

The following are ACTUAL STATEMENTS from a few of the lender approval letters we have received as a result of our negotiations for our sellers. The amount forgiven reflects the difference between the balance due on the loan and the amount the lender received from the short sale of the home.

"[Name of Lender] agrees not to pursue a deficiency judgment for any unpaid amounts on the loan after tender of the net sale proceeds in accordance with this approval letter."$115,000 FORGIVEN

"We will accept the sale proceeds as full satisfaction of your mortgage. Any remaining amount of indebtness will be fully discharged on the mortgage and we will release you from all resposibilities for repaying your mortgage."$113,000 FORGIVEN

"The shortfall amount (outstanding loan balance including additional charges, less net sale proceeds paid to [name of lender], estimated $103,560.63 is FORGIVEN"

"Upon receipt of the agreed amount, [name of lender], and/or its investors will waive the remaining balance due on the above referenced loan and release the borrower from further obligation therein, and waive all rights to pursue further judgement or deficiency."$25,082.52 FORGIVEN

Text Us Now

Type your cell phone number and click TEXT ME to receive a text from an agent.

Call Us Now!

Call us for immediate assistant by one of our experience and knowledgeable agents.

(813) 960-2300

Click to call with your mobile phone.

Send a Message Now

It's fast and easy to contact an agent. Just fill out the form below and we will contact you.


I live and work in Buffalo, New York and was desperately looking to find a property for my parents to spend the Winter. I was telling my colleague Claire at work about my concern for my parents spending another Winter in Buffalo, so she told me about Ray. She said she knew Ray from high school and that they kept in touch. She offered to talk to Ray and from that day on, Ray was there for us! He offered us a lot of options until we found exactly what we were looking for. We were able to rely on Ray and his team for everything. We never even saw the house till after we paid and closed! We trusted Ray because of his professionalism and friendly nature. Ray advocated for us and treated us like family! He went and looked at the house, researched the property.  We were happy with his assessment and signed off on the sale; eventually when we were able to see the house a few weeks after closing we were very pleased! Ray and his team were very helpful and they made it very convenient for us with digital communications that fit our schedules. He even went with the inspector and sent us videos of any possible issues. A truly amazing experience. I still thank my colleague I work with every time I see her, for introducing us to Ray! Thank you Ray and team, we can't wait to buy our next house with you and your team!  Especially since my parents love the house so much now, they say they may never leave, so I need to find another house :-) 

Review from Abeer

Read 100+ More Testimonials

  • Home
  • For Sellers
  • For Buyers
  • Featured Listings
  • MLS Search
  • About Us
Follow Us Facebook LinkedIn
© 2017 - 2024 Mihara & Associates, Inc. - All Rights Reserved.