Seller’s process to a short sale

I help you negotiate the numerous steps of the short sale process, with an eye to protecting your best interests.

  • Try to renegotiate your mortgage with lender
  • Complete Competitive Market Analysis – value of property less than what is owed after settlement costs
  • Initiate short sale process with lender
  • Listing with Realtor
  • Letter of hardship
  • Letter authorizing agent to negotiate directly with the lender
  • Assemble tax returns from last two years
  • Compile bank statements from preceding two months
  • Gather paycheck stubs from last two months
  • Offer packaged with prequalification letter and initials on all pages
  • Include Addendum S and SSO and RECR (Real Estate Condition Report)
  • Preliminary HUD (Housing and Urban Development Form) submitted
  • Title search results submitted
  • Loss Mitigation Specialist assigned
  • Private mortgage insurance company approval
  • Investor approval
  • Lender approval
  • Removal of buyer’s contingencies: Broker’s Price Opinion (BPO) and appraisal
  • Closing with overnight packages to lender