SHORT SALE PROCESS

The seller will need to prepare a financial package for submission to the short sale bank. Each bank has its own guidelines but the basic procedure is similar from bank to bank. The Seller`s short sale package will most likely consist of:

Once an offer is accepted by the Seller the Listing Agent will then send the following items to the bank:

 

Once All Documentation is Sent over to the bank the banks process of the short sale begins. Please refer to the chart below:

Overview of the Short Sale Process