West Chester, PA, USA
610.809.2198
michael@michaelskay.com

Short Sale & Foreclosure Info

Selling your home as a short sale.
Avoiding foreclosure. 

A foreclosure can be devastating financially and emotionally. Understanding the options available to you before you reach foreclosure can help to mitigate the negative impact and avoid foreclosure. 

AVOIDING FORECLOSURE

There are options to explore before losing your home to foreclosure. Loan modifications, forebearance, and deed in lieu of foreclosure may be options. 

FORECLOSURE LAW RESOURCE

Understanding the foreclosure laws and process in your state is a good early step to understanding your options. Seeking sound legal advice is also advised. 

Foreclosure Laws For Your State
SHORT SALE FOR SELLERS

A short sale is when a homeowner sells their home for less than is needed to pay off mortgage leins. 

A short sale can be a way for people experiencing a financial hardship to get out from under their home while avoiding the severe impact of a foreclosure. 

FINDING THE RIGHT HELP

Being certified as a Short Sale & Foreclosure Resource is only one aspect of how I can help. My 20+ years of experience in banking, financial advising, lending, and real estate makes me the right choice to help you navigate your situation.

Buying a short sale.

Sometimes homeowners need to sell a home that is worth less than they owe. Working with an experienced agent that understands the process is key to buying a short sale.

BUYING A SHORT SALE

A short sale involves a homeowner accepting an offer less than what they need to satisfy their mortgage lien. This usually occurs during economic downturns and/or individual financial hardships.

BUYING A FORECLOSURE

Buying a home through a foreclosure sheriff’s sale can be a way to acquire below market homes. There are risks. You most likely will be buying the home sight unseen. Many of the homes bought this way are bought by investors who have done their research.

BUYING AN REO (REAL ESTATE OWNED)

REOs are homes that banks come to own because they were unsuccessful at selling the home via short sale or foreclosure sale. Buying these homes usually require having the resources to make extensive improvements without being able to rely on financing. 

HOW I CAN HELP

Being certified as a Short Sale & Foreclosure Resource is only one aspect of how I can help. My 20+ years of experience in banking, financial advising, lending, and real estate makes me the right choice to help you see if a short sale, foreclosure, or REO purchase is right for you. 

I’m an SFR.

Members of the National Association of REALTORS® who have earned the Short Sales and Foreclosure Resource certification understand distressed property transactions, and everything that is included.


Working with an SFR® takes the stress out of distressed property transactions. Selling or buying a home in uncertain times can be scary, but we know how to make it happen. With unexpected opportunities everywhere, now is the time to sell or buy.

Have questions?

Address:

1238 West Chester Pike, West Chester, PA 19382

Phone:

610-809-2198

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