What is a Short Sale? 
A short sale is one where title has transferred; where the sales price was insufficient to pay the total of all liens and costs of sale; where the seller did not bring sufficient liquid assets to the closing to cure all deficiencies and the seller's mortgage lender(s) agrees to accept a payoff of less than the balance due on the loan. 
REO / Foreclosure?
REO stands for Real Estate Owned (by the bank). This occurs after the sale date, as established by the public trustee, and title is transfered to the bank. Other terms used are Bank Owned, Lender Owned and Foreclosure.

Danyliw & Associates, REALTORS can guide you through the short sale and foreclosure process in the greater Denver area.  Let’s get started by giving you a complete overview of the “short sale”.  We’ll look at it from both a seller’s perspective and also a buyer’s perspective. We are REALTORS and we are not here to give you legal advice but just an overview of the process. 

We’re going to concentrate on short sales in the metro Denver, Colorado area as time limits on foreclosures and exact procedures will  depend upon state law.



You my be eligible for the $8,000 first time home buyer tax credit. Click Here.

Let’s start with the short sale from the seller’s perspective. 

Lets start with the short sale from the buyer's perspective. 

Is a short sale for you?  Click here for our free automated home price evaluation.

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