This video, produced by the Houston Association of Realtors, helps consumers to understand what a short sale is and how the process works. A distressed property is one that is in the short sale process or is currently under foreclosure. Currently, Shannon Register is a designated Certified Distressed Property Expert and Certified to do Short Sales and Foreclosures. When a foreclosure does not sell on the courthouse steps, it returns to the Bank Owner in what Realtors refer to as an REO (Real Estate Owned Property.) If you know someone having dificulty paying their mortgage, the best advice you can give them is to contact our team as soon as possible for help. The short sale process takes time, so the sooner you get the property listed, the sooner it will sell and the less likely the bank is to foreclose on the owners. It can be humiliating to be behind on your mortgage, but our team knows the sensitivity of this ordeal and we understand that there are many situations that can lead to slow mortgage payments that cannot be caught up. Please contact us first for help! We are trained and work with banks regularly to help consumers in the Houston area. Our expertise could save your home from Foreclosure and save your credit so you can purchase a home again in two years – and there’s usually no cost to you!