Short Sale Calculator
Calculate the potential deficiency in a short sale and understand your options.
Property & Sale Details
Debts & Liens
Deficiency Amount
$99,200
31.0% of total debt unpaid
Sale Analysis
Estimated Sale Price$240,000
Selling Costs-$19,200
Net Sale Proceeds$220,800
Debt Summary
First Mortgage$320,000
Total Debt$320,000
Key Metrics
$70,000
Underwater Amount
69.0%
Bank Recovery Rate
Short Sale Considerations
- Bank approval required for short sale
- Deficiency may be forgiven or pursued
- Credit impact typically 3-7 years
- Consult with a real estate attorney