Frequently Asked Questions

What is a short sale? 
A short sale of a home occurs when the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he or she owes. 

How long does it take to do a short sale?
The average short sale takes approximately 60-120 days. This number is dependent on: The thoroughness of the paperwork submitted and the negotiating acumen of the short sale mediator. 

Who are the parties involved in a short sale?
The parties involved can include but not limited to: lenders, listing agents, selling agents, attorneys, buyers, junior lien holders and the IRS.

What is my role in the short sale process?
It is your responsibility to act as full mediator in the short sale transaction. This includes but is not limited to: engaging all clients, collecting and submitting all documentation, all negotiations, receiving offers, continuous follow-up and the closing of the transaction. 

How much can I make doing short sales?
Fees are generally based on a percentage set by the lending party however--the more skilled the negotiator--the higher the total transaction fees. What you offer the selling the agent and other related affiliates is entirely up to you. 

What if I am having trouble with my transaction?
DG Capital is a full mediation company. We have a support line where clients can get answers to important questions clients may have throughout the process. This help line is offered at a monthly fee and includes roundtable teleseminars conducted monthly. 

How does DG Capital help me in this process?
DG Capital will walk clients through their first short sale and refund the cost of the program. This will help you learn all steps of the transaction and prepare you to do transactions on your own. If you decide short sales is not for you, we will handle them for you for a fee. 

How do I become an affiliate of DG Capital?
DG Capital has an affiliate program. Either send DG Capital your cleints and we'll handle the short sale transaction or join the network and get continuous updates that will help build a solid short sale business. Log in and get continuous updates and case studies.