Selling Short Sale or Pre-Foreclosure Homes

Does Your Home Qualify for a Short Sale?

Click here to find out if your home qualifies for a short sale.

Learn How to Buy a Short Sale

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Short Sale Definition: 

Short Sales occur when a seller is in pre-foreclosure (missing payments) and places their home on the real estate market. Their real estate agent operates as a negotiator on the seller's behalf with the lender. A buyer is found to purchase the property (at less than what the current owner owes) and the lender agrees to accept a discounted payoff. The seller's debt is forgiven, but their credit history is impacted. Short sales typically cost sellers nothing, but they also make nothing on the sale.

The primary advantage of a short sale is that a borrower can typically obtain a loan and purchase a new property in less time than with a foreclosure. 

Short Sale Expert:

With over 15 years of experience in the Fresno and Clovis, California real estate market, Jesse Penner is an expert in the listing and buying of short sale properties.  A leader in the Fresno and Clovis real estate market, Jesse averages $10 million in sales each year. 

One of Jesse's specialties is listing and successfully closing short sale (pre-foreclosures) properties in Fresno, Clovis, Sanger, Selma, Reedley, Kingsburg and Madera, California. 

There are significant challenges in negotiating with financial institutions and identifying qualified, patient buyers.  It is therefore, essential to choose an experienced short sale specialist if your home is in danger of foreclosure.

Closed Short Sales:

Every bank, negotiator, investor, and mortgage insurance encountered in a short sale brings a unique set of challenges.  Here is a list of mortgage lenders in which the Penner Team has successfully closed short sale properties:

  • AHMS
  • Aurora Loan Servicing
  • Bank of America
  • Bayview
  • Chase
  • Chase Home Finance
  • Citi Bank
  • Citi Mortgage
  • Countrywide
  • Discover
  • EMC Mortgage
  • First Franklin
  • Fresno County Federal Credit Union
  • GMAC
  • HFC
  • Home Eq Servicing
  • IndyMac
  • Key Bank
  • Litton Loan Servicing
  • National City
  • Ocwen Financial Corporation
  • PNC Bank
  • Real Time Solutions
  • Saxon
  • Seterus (Formerly IBM Lender Business Process Services)
  • Specialized Loan Servicing
  • SunTrust Mortgage
  • Vericrest Financial
  • Washington Mutual Bank
  • Washington Mutual Consumer Loans
  • Wells Fargo Home Mortgage
  • Wells Fargo Bank
  • Wachovia

Does Your Home Qualify for a Short Sale?

Click here to find out if your home qualifies for a short sale.


Data last updated: September 20th, 2017 at 11:00am PDT and updating occurs daily

The information being provided by FRESNO Association of REALTORS® is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.