New Orleans short sale requires a unique set of skills for a real estate agent and the short sale approval can very much depend on how your agent negotiates with the lender and buyer. Our short sale team has a high success rate on approvals from the banks and closed short sales in New Orleans, Metairie, Kenner, Slidell, Gretna, Westwego, and Harahan, Louisiana. Short sale New Orleans only takes place when there is an absolute assurance that the money value of your house can not increase in the future. To avoid the risk of a total loss, the financial institution typically approves the lowered amount of short sale. New Orleans short sales are complicated but, can help sellers who owe more than home is worth. A short sale occurs when a property is sold for less than the total debt owed on the property. New Orleans short sale must be approved by the lenders and borrowers requesting a short sale must prove a hardship such as a mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation. Our experienced New Orleans short sale realtor is knowledgeable of the entire landscape of foreclosure avoidance options. Foreclosure situations tend to be extremely time-sensitive. Call for a free consultation today.