Why would your lender take less than you owe on your mortgage?

Why would your lender take less than you owe on your mortgage?
By Pasadena short sale agents, Munson Realty
Why would your lender accept less than what is owed on my mortgage? Lenders are in business to lend money, not to own real estate. They do not want the expense of the foreclosure process and/or the holding and maintaining of the property if it does not sell at foreclosure. The foreclosure process is very expensive and time consuming, so many lenders will agree to what seems a loss on the mortgage when they will actually save money by not completing the foreclosure and holding the property in their portfolio.

A short sale will usually result in a considerably smaller loss for the lender than a foreclosure would because of the holding time during which the property will likely sit vacant.

The bottom line is, lenders recover more money to cover their losses from a short sale than foreclosing on your property. It is a more effective measure than foreclosure.



Are you considering short selling your home? Munson Realty and their Pasadena short sale agents close short sales and save homeowners from foreclosure where others fail. To date, the only reason we have not been able to successfully close on a short sale is because the seller has reached out to us too late.

Our goal is to create a win-win scenario for “you”, the homeowner and your lender. If you think we can be of help, contact us at 626-376-9732. Let’s see if we can’t help you avoid foreclosure through a short sale.

Copyright © 2011 By Stephen Munson-Munson Realty, Pasadena short sale agents*Discreet and Confidential Short Sale • does a short sale stop foreclosure • foreclosure • foreclosures • hafa • hafa program • hafa short sale • hafa short sales • Pasadena short sale agents Pasadena short sales • Pasadena short sale broker • Pasadena short sales broker • short sale • short sales • strategic short sale • What is a strategic short sale


About the author
Pasadena Short Sale Agents
Stephen Munson-Broker/Owner of Munson Realty|Southern California Real Estate is originally from Wichita, Kansas, and has lived in Los Angeles for over 20 years. He was born in 1968 and is a second-generation real estate professional. Being brought up in a family of real estate professionals, you could easily say that real estate is in his blood! He has personally practiced real estate for over 11 years, while his family has been in the business for over 2 decades. Stephen Munson has always been attracted to serving the clients that require the most diligent care and need more attention than the traditional buyer or seller. Stephen specializes in sellers who are in difficult situations, such as avoiding foreclosure through a short sale or difficulties selling their home the first time around. First-time buyers are also some of the clients Stephen Munson is passionate in serving. He feels first-time buyers really need super focused coaching and a lot of “hand holding,” which he really enjoys. As broker and owner of Munson Realty-Southern California Real Estate, Stephen employs only Realtors (agents) that share his enthusiasm for excellence in client care and integrity. “My agents must be able to bring a talent or skill set to the business that no other agent in town can offer, and they must do it extremely well!” Stephen Munson is also author and host of several real estate related blogs and a professional public speaker. Aside from professionally coaching his agents in the craft of real estate, he also coaches other agents from around the country.

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