🏡 Short Sale Consultation: How Romine Group Helps You Avoid Foreclosure and Protect Your Credit

fjromine
Nov 10
2 min read

When homeowners in Central California fall behind on mortgage payments, it can feel like there’s no way out. But before foreclosure becomes permanent, there’s another option — a short sale.

At Romine Group, we’ve helped dozens of homeowners in Fresno, Tulare, Kings, and Madera Counties complete short sales successfully, protect their credit, and move on financially stable.

⏳ How Long Does a Short Sale Take?

The short sale process can take 60 to 120 days, depending on your lender’s response time and whether there’s a buyer ready. Here’s what the general timeline looks like:

Initial Consultation (Days 1–7)We meet with you to review your mortgage balance, home value, and hardship situation. Our team prepares a professional short sale package for your lender — including financials, hardship letter, and listing agreement.
Lender Review (Days 15–45)Once submitted, the lender’s loss mitigation department reviews the file, orders a broker price opinion (BPO) or appraisal, and decides whether to approve the sale price.
Negotiation Phase (Days 45–90)This is where Romine Group shines. We handle all communication and negotiation with your lender — ensuring you’re approved for a fair short sale price and any potential debt forgiveness.
Closing (Days 90–120)After approval, the escrow process works like a traditional home sale. You walk away without owing the difference between the sale price and loan balance.

💬 How We Negotiate with Your Lender

Short sales require persistence, documentation, and clear communication. Romine Group manages every step between you, your lender, and escrow.

Our negotiation process includes:

Submitting a complete hardship package (income, expenses, hardship letter, property photos, and listing documents).
Working directly with loss mitigation specialists to justify the market value.
Pushing for deficiency waivers, so you don’t owe the balance after the sale.
Coordinating with escrow and title to ensure deadlines are met and extensions granted if needed.

Because we’re local and experienced, we know how each lender — from Wells Fargo and Chase to smaller credit unions — handles short sales in Central California.

💳 How a Short Sale Affects Your Credit

A foreclosure can remain on your credit report for 7 years, severely damaging your ability to buy another home.

A short sale, on the other hand, shows as “Settled for less than amount owed” and typically affects your credit for about 2 years. Many of our clients qualify to buy again much sooner.

We also connect you with trusted credit restoration partners to help rebuild your credit profile immediately after the sale — setting you up for financial recovery, not ruin.

🧾 Why Work with Romine Group

15+ years of experience with Fresno County short sales and lender negotiations
We handle all communications with your bank, buyer, and escrow
No upfront fees — we get paid only when your home sells
Local knowledge of Central Valley property values and timelines