Compare your options
Cash Sale vs. Short Sale in Utah
The key question is whether the house is worth more than what you owe. That decides which path is even possible.
- Any condition, any situation
- No fees or commissions
- No obligation to accept
- You choose the closing date
See what we would offer
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Side by side
| Regular cash sale | Short sale | |
|---|---|---|
| When it works | You owe less than the sale price | You owe more; the lender accepts less |
| Lender approval | Not needed beyond the payoff | Required, and can take time |
| You receive | Your remaining equity | Usually nothing; debt forgiveness questions possible |
| Credit effect | Loan is paid in full | Usually reported as settled for less |
Deficiency and taxes
In a short sale, ask whether the lender will waive any remaining balance, and get it in writing. Forgiven debt can sometimes have tax consequences. An attorney and a CPA can explain how this works for you.
How we can help
If you have equity, we can make a regular cash offer. If you are underwater, we can sometimes make an offer for a short sale, but the lender decides. A HUD-approved housing counselor can also help you understand options.
Common questions
Can you buy my house if I owe more than it is worth?
Only if the lender approves a short sale or you bring money to closing.
How long does a short sale take?
It varies by lender and can be much slower than a regular sale.
Will a short sale stop foreclosure?
Only if it closes before the trustee sale or the lender agrees to postpone.