Luxury short sales
Luxury short sales in Colorado.
Owe more than the home is worth? Sell it with the lender's written approval, privately and on a schedule.
A live person answers. Not a robot, not a phone tree.
Concept photography: AI-generated illustrative imagery, not a property listing.
A short sale sells the home for less than the loan balance with the lender's written approval. It needs a hardship letter, the financial package, a signed buyer offer and a negotiator who calls the lender every week.
Hardship.
Job change, divorce, medical cost or a business loss, documented in writing.
The package.
Tax returns, bank statements, pay stubs and the hardship letter.
The offer.
A signed buyer contract goes to every lender on the title.
Approval.
The lender sends a written approval letter. Then you close.
What does a luxury seller need to know?
- Every lien signs off. A first mortgage, a HELOC and any second lien each approve their share.
- Deficiency. Ask the lender to waive the remaining balance in the approval letter, in writing.
- Privacy. We market the home discreetly and show it by appointment.
- Taxes. Forgiven debt has tax consequences. Talk to your CPA before you sign.
What does a buyer need to know?
- Patience. Lender approval takes weeks. Write your offer with that time in mind.
- As-is. The seller has no money for repairs. Inspect everything.
- Proof of funds. Lenders ask for a pre-approval or proof of funds with the offer.
- One agent. Use an agent who has closed short sales and knows the lender's review steps.
Homes for sale now
Talk to the short sale desk.
Private, one call, no obligation.
Quick answers
Questions about short sales.
What is a luxury short sale?
A sale for less than the owner owes on the mortgage, approved in writing by the lender. When the loan is above the conforming limit, it is a jumbo loan, and the jumbo lender runs its own review.
Does a short sale hurt my credit less than a foreclosure?
Ask your lender and a credit counselor for your numbers. A short sale ends the loan with the lender's agreement; a foreclosure ends it with a public trustee sale.
Who negotiates with the lender?
The Kenna Real Estate Group works with a dedicated short sale negotiator. Brian Lee Burke approves every file, and Richelle Dumas runs the paperwork.
Further reading
From the Kenna network.
Free playbook
The Colorado Luxury Downsizing Playbook.
Sell the estate, buy the right home, move once. The 12-week plan, the tax and cash questions, the ranch, patio, 55+ and golf communities, and the checklist. 8 pages, free.
A live person answers. Not a robot, not a phone tree.
Private consultation
Ask us about a short sale.
303-955-4220A live person answers. Not a robot, not a phone tree.
- Private showings on your schedule, including evenings and weekends.
- Off-market homes from the Kenna Real Estate Group's agent network.
- One point of contact from the first showing to the closing table.
Kenna Luxury Real Estate is a division of the Kenna Real Estate Group at Keller Williams DTC (KWDTC).