Spanaway Short Sales

Spanaway homeowners who have an FHA mortgage at risk of foreclosure, can participate in the Pre-Foreclosure Sale (PFS) short sale option that allows homeowners in default, or at risk of default to sell their home at fair market value and use the sale proceeds to satisfy the mortgage debt, even if the proceeds are less than the amount owed.

To participate in this Short Sale program, Spanaway homeowners must be willing to make a commitment to actively market their property for a period of 3 months, during which time the mortgagee/bank delays foreclosure action. Short Sale homeowners who successfully sell their property within the required time may receive a cash consideration of up to $1,000 for relocation expenses.

Spanaway homeowners with conventional mortgages have Short Sale options as well. Banks offer Short Sale solutions for Spanaway Homeowners at risk of foreclosure by considering short sales when adverse financial conditions negatively effect a homeowner ability to continue their mortgage obligation.

We have an established record of successfully negotiating with Short Sale/loss mitigation departments on behalf of Spanaway residents to help prevent a 10 year stain of foreclosure reporting. You have options. Fill out this form today.

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