Short Sale Process

Step #1

Initially, the homeowner is contacted by an approved real estate agent that has been pre-screened to meet our stringent criteria. The agent will schedule a time to meet the homeowner in person, fill out the listing agreement, take a few photos of the house, etc.

Step #2

The homeowner is contacted by his/her assigned short sale processor. The processor will give the homeowner a list of documentation needed to start the file. The homeowner can either email, fax, mail, or drop off these documents.

Step #3

The house is placed on the market, and viewings of the home might be scheduled for potential buyers. (A home is typically viewed in no more than 15 minutes, and is always held with a licensed Real Estate Agent). These viewings can be scheduled with the homeowner, but the homeowner does not need be present at the property. This is predetermined between the homeowner and the agent before the house goes on the market.

Step #4

Once an offer is received, the offer is submitted to the bank. The processor’s job is to follow up with the bank, collect all necessary documents, and ensure the file will move along. Without constant follow up, bank often lose or stop working on files. This process usually takes up to around 3 months. During this time, the agent can help the homeowner in finding a new place to live, and our company can even assist in arranging for moving services.

Step #5

Once the approval is received by the bank, escrow on the property must close, and the process is complete. The previous homeowner does not owe the bank anything, and a foreclosure is not reported on their credit.

We can help: We will take care of everything for you. We negotiate with the lenders, we market the property and we sell the property. You pay absolutely nothing, focus on your life instead of foreclosure. You can avoid foreclosure!.