Ask what alternatives are available
Your servicer or a HUD-approved housing counselor can help you explore repayment arrangements, forbearance, loan modification, an ordinary sale or a deed-in-lieu of foreclosure.
Short-sale planning in Hampton Roads
When a sale may not cover
what you owe.
If the money available from selling your home may not cover the mortgage, a short sale may be one option to discuss with your mortgage servicer. Burchette Homes can review the property and selling costs, then consider whether to represent you.
Protect your deadlines. If you have received a foreclosure notice or sale date, contact your servicer, a HUD-approved housing counselor or an attorney promptly. A Burchette Homes inquiry does not pause foreclosure.
Start with your servicer and your options
A short sale is a sale for less than the amount owed on the mortgage. It requires approval and differs from an ordinary sale. Before choosing a sale, ask about the alternatives available for your loan and circumstances.
Confirm the approval process
Your servicer and loan owner must approve the proposed short sale. Other affected lenders or lienholders may also need to approve. Ask about required documents, offer terms and deadlines.
Clarify any remaining debt
A short sale does not automatically erase every amount owed. Ask each affected lender whether a remaining balance will be waived and obtain any agreed waiver in writing. Discuss legal and tax questions with the appropriate professional.
How Burchette Homes can help
We can review the property, discuss a market-based selling strategy and estimated selling costs, and consider whether to offer representation. If we accept the listing, the written agreement confirms our role, services and compensation, subject to applicable approval requirements.
Review the property and goals
Discuss the general location, condition, your timing and what you want from the sale. We do not need mortgage account numbers in the initial inquiry.
Consider the sale economics
Review comparable sales and selling costs to help prepare a realistic conversation about the property. Your servicer decides its approval requirements.
Coordinate an accepted listing
If we agree to represent the home, coordinate the agreed marketing, offer presentation and transaction milestones with the parties involved.
Not all properties or circumstances fit our services. A request is not a lender approval, a promise of debt forgiveness or an agreement to list. Any representation and fees must be confirmed in writing.
Considering a sale on your own? Explore our FSBO resources and optional listing review.
Official short-sale and housing resources
Read about lender agreement, remaining debt and written deficiency waivers.
Compare staying-home and leaving-home options and learn what to discuss with your servicer.
Locate a HUD-participating housing counseling agency. HUD lists 800-569-4287 for help locating a counselor.
Use current Virginia seller and property-specific disclosure resources when considering a sale.
Official links checked October 7, 2026. Burchette Homes is not a government agency, mortgage servicer or housing counseling agency and is not affiliated with or endorsed by the agencies listed.
Request a property and selling-options conversation
Select a short-sale conversation in the form and share a general property location and timing. We will review your inquiry before deciding whether our real estate services fit your situation.
If the form does not load, open the seller inquiry form.
Before you make a decision
Can you approve a short sale or stop foreclosure?
No. Approval comes from the relevant lender, servicer or loan owner. Contact the parties responsible for your loan and deadlines; submitting our form does not pause a foreclosure process.
Will the remaining mortgage balance disappear?
That is not automatic. Ask each affected lender about any remaining balance and obtain an agreed waiver in writing. An attorney or tax professional can advise on questions within their role.
Does your 2% listing offer automatically apply to a short sale?
No. Any representation, services and compensation must fit the property, the written agreement and the applicable lender approval requirements. We review each situation before accepting a listing.