US Bank Certified
US Bank Short Sale Realtors
Short Sale Specialists
Certified. Experienced. Licensed.
Short Sale US Bank forms
US Bank Short Sale

US Bank Short Sale

FREE Expert Services. FREE No Obligation Information.

Serving All of  Los Angeles County, California

(818) 478 -1600
Streamline The US Bank Short Sale Process with Certified, Licensed, Experienced California Short Sale Agents. We have already Successfully Completed 50+ Short Sale Homes in The Los Angeles Area. All our Services are FREE to Homeowners.

US Bank Short Sale Realtors |

The US Bank Short Sale Experience 

From list date to closing, the entire US Bank short sale process averages about 4-6 months. We kept everyone engaged (seller, buyer’s agent, buyer) with weekly updates via email.  Throughout the whole short sale process US Bank keeps us updated via phone, email, and fax. US BANK Short Sale also allows you to utilize the sam method for seconds and HELOCs, streamlining the entire short sale process. Many of previous US Bank short sale clients can attest, it is typically a smooth and painless process to complete a short sale. If you have any questions regarding the US Bank short sale process please call us- (818) 478-1600 or emaill us at


US Bank Short Sale Application

US Bank Short Sale Process

We are Certified US Bank Short Sale Agents with over 20 years of Real Estate Experience. We have already Helped Many Good Down to Earth People Get Out of Their UnderWater Homes ...FREE and CLEAR. Certified, Licensed, and Approved Short Sale Agents for US Bank Short Sale Homes. We Work Hard For YOU and:

  • CURRENT on Payments OK!
  • STOP the Foreclosure Process ASAP.

As a US Bank Short Sale Agent we promise to do our Best to Short Sale your House - Hassle Free. We would love the opportunity to earn your business. Results may vary. Previous results are not indicative of your results. Not every Home owner will qualify for a US Bank Short Sale or some of the benefits previously received by our clients.

Short Sale Agent Help

Call (818) 478-1600
Behind on Payments...OK
Current on Payments...OK
Short Sale Agent Pros

US Bank Short Sale

1)  What is a Short Sale?

A short sale is the process by which a homeowner can sell a house for less money than actually owed on the Loan(s) Balance.

 2) How Much does a US Bank Short Sale Agent Cost ?

ALL our Services to you FREE. The Lender pays our Commissions. We have Successfully Negotiated No Closing Closts for All of our previous US Bank Short Sale clients and don't expect that to change with any of our future clients. All of our Clients have Walked Away from their Short Sale FREE and CLEAR and the majority walked away with Absolutely NO CASH out of Pocket!

3)  How Do we Qualify* For Free US Bank Short Sale Agent Assistance?

  1. Hardship – There is a situation causing you to have trouble pay your mortgage.
  2. Monthly Income Shortfall – “You have more Monthly Expenses than Monthly Income.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
  3. Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

*Can We Qualify for US Bank Short Sale without a Financial Hardship? The answer is very often Yes. More and more often, the short sale is approved. A hardship isn’t always necessary as the bank would often prefer to do short sale than take it back and sell it for less later. Please SEE our page on strategic short sale.

4)  What are some examples of Homeowner Hardships in a US Bank Short Sale? 

  1. A reduction in income through the loss of a job, disability, illness, or just the straight reduction in hours that a causes the inability to continue to make payments. 
  2. Marital difficulties – Separations and divorces are legitimate reasons a lender will consider a short sale.
  3. An increase in expenses – Reasons could include an increase in dependents, an illness, etc.
  4. An increase in debts – credit cards bills, medical bills, legal fees and other similar types of debt.
  5. Death – Death of a family member who was a contributing factor in keeping the mortgage current. Also the corresponding loss of income or medical bills associated with the death such as funeral expenses, etc.
  6. Relocation of job – The relocation should be due to a job change.
  7. Military service – There are some lenders that will accept being called into military service as an acceptable hardship.

Is there a possibility you could still do a bank of america short sale without an actual hardship? Yes it is possible. This is what is known as a Strategic Short Sale. A strategic short sale occurs when there is no hardship and the owner could continue to pay their mortgage. They consider just “walking away” but do not want to suffer the consequences of a Strategic Default (foreclosure). If it makes financial sense to the lender they may still consider a short sale where there is no hardship. In this case Bank of America may ask you for a cash contribution. SEE our page on Strategic Short Sale

5)  Can I Short Sale My US Bank Loan (House)?

Yes, if

  1. The Home's Market Value Has Dropped. Comparable sales must substantiate that the home is worth less than the unpaid balance due the lender.
6)  What is the Affect of a Foreclosure on my Credit Score?

A Foreclosure on your credit report can take 7-10 yearsto remove and can cost your credit rating (FICO) up to 200-280 points which is a very big hit.

7)  What is the Affect of a US Bank Short Sale on my Credit Score? 

The credit consequences of a short sale vary slightly. Clients have informed us that a short sale will show up on your credit report as a 'settlement', 'settlement for less than owed' or a "pre-foreclosure in redemption". A short sale credit score can drop by 50-100 points. 

There is no way to predict exactly how a US Bank short sale is going to affect your credit for it. We've had some clients who have mentioned that they’ve been able to rebuild their post short sale credit score in as little as 12 months. Other people who have not maitained their credit with other items, well, it’s probably going to take a little bit longer in order to rebuild their credit.

8)  What are The Tax Implications of a Short Sale?

The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief.

This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately). The exclusion does not apply if the discharge is due to services performed for the lender or any other reason not directly related to a decline in the home’s value or the taxpayer’s financial condition. 

More information, including detailed examples can be found in Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments. Also see IRS news release IR-2008-17. Ask your accountant to utilize Form 982 with your Return.

* You should speak to your accountant to determine the amount of short sale tax consequences, if any.

9)  What if I am Current on my  Payments can I still Short Sale my house? 

YES. Many of our clients have had their US Bank Short Sale Home listed while they were current on their payments. They were one step ahead of the pack.

10)  Foreclosure of My Home is very close to happening. Is There enough Time to Short Sale my Home? 

YES. The foreclosing party—in most cases a lender—can stall a foreclosure up to the final day of the process. Today, many lenders will stall a foreclosure with as little as a phone call from your short sale agent explaining that you are trying to sell, and almost all lenders will stall a foreclosure with a legitimate contract. For real estate professionals who understand foreclosures and short sales, there is time available until the foreclosure process is complete.

11)  What is the typical US Bank Short Sale Process? 

  1. Seller signs a listing agreement with a US Bank Short Sale Agent.
  2. A Buyer submits an offer to your Short Sale Agent.
  3. Seller accepts the buyer's purchase offer.
  4. Bank of America accepts the buyer's purchase offer.
  5. Transaction closes, the US Bank releases the lien.

12)  Does Everybody have to know that we are Listing our Home as a Short Sale? 

NO. As professional short sale agents, we do our best to respect your confidentiality and privacy. Our Sign will be displayed in the same exact way our Standard Sale signs are. Our Marketing to the general public Will Not indicate anywhere that your home is a US Bank Short Sale. However, the one place short sale agents are obligated to designate your home as a Short Sale is our MLS.

Only other Real Estate Agents should have access to this information. It is understandable to have reservations about letting the world know that you owe more on your home than it is worth. However, according to recent estimates, more than one out of eight homeowners in the U.S. is in the same situation. You are to be congratulated for admitting you need help, taking action, and finding a professional who can work with you toward a solution.

With recent estimates showing 40-60% of U.S. sales will be short sales or foreclosures, you are not alone.

13)  Short Sales are Impossible to do and take forever, is that true?

Are they impossible? Absolutely Not. We have a Very High Success rate in receiving US Bank Short Sale Approvals. As a matter of fact  our success rate is 98+% with US Bank Short Sales. Do Short Sales take longer than Standard Sales? Probably. But depending on how many loans are on the property we expect anywhere from 60-120 days Maximum.

14)  The Market is really slow. Are Buyers interested in Short Sale Properties?

Don't Worry! In fact, we and other short sale agents are getting calls from buyers who say they only want to look at foreclosure and short sales. We expect multiple offers on your home within 10 days.

For buyers, short sales and foreclosures have become synonymous with “good deals.” More specifically, international buyers are targeting these properties. Listing with an experienced agent who is educated in the short sale process will provide you with a great chance of quickly seeing a contract on your property.

15) Short Sale My Home or do a Loan Modification? 

It Depends. The Facts show that only 10% of Loan Modifications get Approved by their Lenders and of the 10% approved, Homeowners were not happy with the small amount of change in their payments. But if your lender lowers your payment significantly, you are happy with your home, future maintenance & repair costs are affordable, and you feel that the home will appreciate back to it's loan balance then a loan modification is a good option for you.

However, The great majority of homeowners are now opting to Short Sale their home for the following reasons: 

  1. They are not with happy with the depreciation and drop in value of their home
  2. The potential repair and maintenance costs may put them right back into Default. (50% of Loan Modifications Default within 1 year)
  3. Their income and expenses will still be a struggle after the slightly reduced payments
  4. They Just want to move forward with their lives and start life anew.
  5. They wish to put their money towards a worthwhile investment, not a bad asset.
16) Should I Short Sale My Home or file Bankruptcy? 

It Depends. This is usually called The Option of Last Resort. As far as your Home is concerned a Bankruptcy usually just delays the inevitable. But it may be a good option depending on your financial condition and willingness to damage your credit for up to 7 years. A Bankruptcy typically also costs thousands of dollars to initiate.

Chapter 13
bankruptcy lets you pay off the late or unpaid payments over the length of a repayment plan you propose--3-5 years in some cases. But you'll need enough income to at least meet your current mortgage payment at the same time you're paying off the late or unpaid payments.

Chapter 7 bankruptcy will stall the foreclosure sale and give you two or three more months to work things out with your lender. Chapter 7 bankruptcy gets rid of your personal liability under the promissory note, but it doesn't remove the lien. Chapter 7 gets rid of debt but not liens--you'll still probably have to give up the house under the lien since that's what provided collateral for the loan.

A study done by the American Bar Association indicated that 96 percent of the people who filed for bankruptcy protection ended up in foreclosure anyway. Many people feel that bankruptcy will stop foreclosure and save their home. However, because it entails that you continue to pay your mortgage (Chapter 7) or that you consolidate all of your debt while still paying your mortgage (Chapter 13) it is usually not a long term solution.

With a Short Sale their are NO Costs to initiate and typically do Not have any Cash out of pocket costs. A Short Sale damages your credit score less and takes a lot shorter time to rebuild your credit from 1 - 2 years. But a Short Sale will not relieve other financial debts.

17) Should I Short Sale My Home or Let it go to Foreclosure? 

Foreclosure is The Absolute Worst Option
a Homeowner can choose. A Foreclosure can Damage your Credit for up to 10 years, and can lower your Credit Score up to 250 points. Your are continuously hassled by phone calls, letters, and door knockers with Notices of Default and Notices of Sale. Eventually there is a day of Reckoning. The Sheriffs show up to your door and you and your family are Evicted from your own home in plain sight of the entire neighborhood.

A Short Sale typically Costs you Nothing, you get to stay in your home during the short sale process, and sometimes US Bank will offer Cash Move-Out Assistance for your cooperation. You Sell your home with your acceptance, under your terms. The Home is Marketed by us like a Standard Sale and you get to leave your home and Neighborhood with Dignity

18) How Do I Short Sale My US Bank Loan?

Contact us for a FREE Consultation. Call US Bank Short Sale Agents John & Mike (818) 424-8340 or fill out contact the form provided on this page. The Consultation is Free, All our Services are Free (The Lender Pays us), we do all the negotiations for you with only you best interests in mind, and you can rest assured that you have Certified Short Sale Agents working for you that will deliver a smooth, hassle free process. 

19)  How do I Start the US Bank Short Sale Process?

Contact us for a FREE Consultation. Call US Bank Short Sale Agents at (818) 478-1600 or fill out contact form provided on this page. The Consultation is Free, All our Services are Free (The Lender Pays us), we do all the negotiations for you with only you best interests in mind, and you can rest assured that you have Short Sale Experts working for you that will deliver a smooth, hassle free process.  

The information presented in this website is for informational purposes only and should not be construed to be formal advice. Please consult a tax accountant and attorney before making any decisions regarding your house, for legal advice, financial advice, or it's tax implications. This site is neither endorsed, nor sponsored by, nor affiliated with the US Bank Corporation.

Here's What our Customers are Saying...

"John and Mike, our Short Sale Agents, Listed our Short Sale Properties quickly and professionally. We couldn't have asked for any better Short Sale Agents!"

- Rick and Raleigh, Sherman Oaks, CA


"We Only use US Bank Sale Agents John & Mike to Buy or Sell our Short Sale Homes! They are True Pros and Negotiate Hard for All our Interests. They have our back big time!"
- RAM Inc., Burbank, CA


"Our Sherwood Forest Home Sold with Multiple Offers in Only Two Weeks! John and Mike even handled objections by the appraiser without any concessions!"
- Joe and Sue, Northridge, CA


"I needed real Short Sale Agent Pros to sell my upside down home that was already listed with no avail. John and Mike even handled a tough situation with my tenants during the Short Sale Process! John and Mike got the job done...smoothly!"
- Frank, North Hollywwod, CA


"John and Mike got us our beautiful Short Sale home in Pasadena...for well below market value!."
- Mary and Sherry, Pasadena, CA


"My Fiance and I were FHA approved and couldn't get any of our offers accepted. Then we met Short Sale Agents John and Mike, and things changed! We got our great Short Sale home in Noho thanks to John and Mike." - Susana, North Hollywood, CA


"We nick-named John and Mike- Lightning and Thunder! They handled our buying experience in a professional and prompt manner, when others couldn't get it done!"
- Robyn and Scott, Mount Washington, Los Angeles, CA


"John and Mike were Great! It took time to find the right place for the right price and they stuck with me the whole way!"
- Jeremy C., Tujunga, CA


"I have recently started investing in properties, John and Mike walked me through the short sale process and landed me some great properties in Pasadena and West Covina. I'm going to keep coming back for more with John and Mike!"
- Ken L., Los Angeles, CA

Why is Short Sale with US Bank The Preferred Option of Homeowners?
It STOPS The Foreclosure Process. Opportunity to Sell your home at NO COST to you, and even get move-out Cash assistance in most cases. Banks do not want to foreclose
on your property because the foreclosure process is incredibly costly. US Bank Short Sale Executives have publicly stated that if a person is qualified for a short sale, and utilizes the services of a certified US Bank short sale agent, the process needs to be considered. Overwhelmingly, banks receive more on their investment through a short sale than a foreclosure.

A Short Sale is a sale of real estate in which the proceeds from the sale of a house falls short of the balance owed on the property's loan. The lender decides that selling the property at a loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit reports for the borrowers. This agreement most often releases the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.

We are CA Licensed, Listing Agents, Certified US Bank Short Sale Agents, Certified REO Agents, and Buyers Agents. They are Company Wide Top Producers, Five star rated in client satisfaction and combine for over 20 years experience and Backed by the substantial resources and support of Prudential California Realty .

US Bank Short Sale Experts

John Scillitani, CDPE, SFR, Broker Associate, is a Graduate of Rutgers University with Dual Bachelors Degrees in Industrial Engineering and Economics. Licensed since 2002, His experience ranges from Being an Automotive General Manager to the Real Estate Business with both The Luxury Market and First Time Buyers. He has extensive Knowledge as a short sale agent and with Bankowned Homes. John was born in Brooklyn, NY and raised on Long Island, NY.


Why Us?

Short Sale Experience. Short Sale Certified, Approved, and Licensed. Recognized as one of the top Short Sale and Foreclosure Prevention Teams in the nation, John & Mike have been asked to speak at many short sale symposiums and short sale forums! We have successfully listed and Short Sold properties as  Bank of America Short Sale Agents, Chase Short Sale Agent, CitiBank, GMAC Agent, Ocwen Short Sale, NationStar Short Sale Agent, PNC Short Sale, US Bank, Wachovia, and Wells Fargo Short Sale Agents.

We will Negotiate with the bank on your behalf and have been very successful in protecting our Sellers interests including:
  1. Future Home Buying Credit
  2. Protecting Retirement Accounts
  3. Eliminating Tax  Liabilities
  4. Eliminating Deficiency Judgements.
All this at NO COST to you! Fill out form and Find out More!

Please Call us for a NO CHARGE, Confidential Consultation, and if you Qualify for a Short Sale, Selling Expenses, Move Out Expense, and our Services in most cases, will be paid for by the Bank! Please Do Not Pay for any Services that may be available to you at NO CHARGE!

Why will a Short Sale Work?
Banks do not want to foreclose
on your property because the foreclosure process is incredibly costly. Bank of America, US Bank, Wells Fargo, Wachovia, Washington Mutual, and even the federal government have all publicly stated that if a person is qualified for a short sale, the process needs to be considered. Overwhelmingly, banks receive more on their investment through a short sale than a foreclosure.

Short Sale Agents with The CDPE, Certified Distressed Property Expert Designation have trained extensively to understand the solutions, and effective methods for dealing with homeowners facing the hardship of foreclosure. Don't risk your financial future and the potential sale of your home with a short sale agent who does not have the training, experience, or tools to best help your needs, Contact Us with Form Above or Call 818-478-1600 or prompt and caring assistance.

Short Sale Agent and Foreclosures — The New “Traditional” Transaction For many short sale agent professionals, short sales and foreclosures are the new “traditional” real estate transaction. Knowing how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities are not merely good skills to have in today’s market—they are critical functions of a short sale agent. And while short sales and foreclosures are not for the faint of heart, US Bank short sale agents with the proper tools and training can use these specialty areas to build their business for the long term.

Don’t Go It Alone — Choose an SFR Trained Professional
Designed for short sale agents, the National Association of REALTORS® (NAR) Short Sale Agent and Foreclosure Resource certification, or SFR for short, is a Comprehensive approach. NAR’s SFR certification is the only one of its kind that focuses on both the buyer and seller sides of distressed property transactions.

In conclusion, Short Sale Agents with the CDPE and SFR Designations have been trained in all aspects of the distressed property / short sale process, and know how to deal with the parties involved in foreclosures. Finding a CDPE can explain what options you have, and get you on the path to recovery.

Call our Team Leads John Scillitani, Broker Associate, CDPE, SFR, US Bank Short Sale Agent and Mike Villella, Realtor Associate, CDPE, SFR, Short Sale Sale Agent Direct at 818-478-1600 for Free Advice.

Certified Distressed Property Experts fully understand that selling your house, can save your family life, and save your future buying ability.


We are Certified US Bank Short Sale Agents in the San Fernando Valley. And also a US Bank Short Sale Expert servicing Los Angeles County and The San Gabriel Valley. Licensed California Short Sale Agents.