An income property investor owed $340,000 and his property was in need of repairs in order to attract tenants. The cash flow was not enough to pay the debt service and the property was in the foreclosure process. Through our real estate company, Unique Real Estate we were able to list his property for sale, find a buyer and negotiate a short sale agreement with his mortgage holder. This short sale agreement allowed the buyer to purchase the property for $150,000 and the bank agreed not seek a deficiency judgment for their loss of $190,000. This sale helped the client by getting the property sold before the foreclosure and eliminating the personal liability of a deficiency judgment! We also provided insurance to the new owner on the property that was purchased.