Help ButtonToday, I’d like to share a few thoughts about how you get started on a short sale. Just to reiterate, a short sale is when the homeowner needs to sell their home for less than is currently owed. This can happen for a variety of reasons. Regardless of the reason, the process is the same. You get an offer for your home, we present it to the bank and ask them to accept it for less than what is owed.

How do you get started in that process? The first thing you need to do is decide that you need help. Whether it is caused by loss of income, medical expenses, divorce or any reason, we can help you. Once you have decided that you would like to start a short sale, the key is to act quickly. If you have fallen behind on your mortgage payments we will have a limited time to present the bank with the offer so that they don’t proceed with foreclosure. Thus, you need to call us quickly so that we can jump in and give you help.

Once you have spoken with us over the phone or attended one of our free webinars we will provide you with a packet that needs to be completed. Some of the things that we will need from you at the time of application are two years of tax returns, copies of bank statements, copies of pay stubs, and a hardship letter that describes how you got into the situation that you are in.

After we receive all of that information, we send it to your lender. From this point you no longer need to work with your lender. It is our job to communicate with them to get the best result possible for you. Ultimately, the bank is going to pay us and take care of us at closing. Regardless of whether your home sells or not, we are working for you for free.