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What is a Short Sale?

Short Sale Definition

short sale meaning in real estate

So quite simply, a short sale in real estate occurs when a property has NEGATIVE EQUITY. It is an option that is available to homeowners who are behind on their mortgage payments and have a home that is underwater. Usually for a short sale to be approved, a homeowner has to have a hardship.

The most common hardships of a homeowner that are in default, or facing foreclosure in Massachusetts are job loss, or loss of income, reduction of income, death of a borrower, separation, divorce, job change more than 50 miles from the subject property, or catastrophic event that occurs at the property.

Short sales are still very much a part of the current real estate market. Massachusetts saw a spike in order notices in October of 2019. The increase actually started in August, but a large spike occurred in October.

Although foreclosures are declining, in 2018 there were over 8,000 orders of notices filed in Massachusetts. Even if 25% of those have negative equity, homeowners still need help with selling a short sale.

Short Sale Mitigation, LLC is here to assist in this process. We are Massachusetts third-party negotiator. We have been assisting homeowners since 2010.

For Realtors, Attorneys, Title companies, etc interested in our services please go to

For homeowners needing assistance with avoiding foreclosure please go to

2500 Main Street,
Tewksbury, MA 01876

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