Short Sale Process
Here is what we will do to help you with your short sale:
Step #1: We put the home up for sale and market it to find a buyer.
Step #2: We gather all of the necessary documents to process the short sale.
Step #3: After we find a buyer who wants to purchase the property, we contact your lender’s loss mitigation department. We ask them what documents are necessary to submit the short sale package and how to send it to them.
Step #4: We submit the buyer’s offer and all the short sale paperwork to your lender. We have a complete checklist that we follow so everything is submitted properly.
Step #5: We follow up with your lender to negotiate the short sale. There is a lot of time involved at this stage of the process. Many lenders short sale departments are busy with an avalanche of file. However, with a little patience and perseverance we are able to get the lender to approve the short sale.
Step #6: Upon lender approval we then coordinate everything to a successful closing. We follow up with all the inspections, appraisals, surveys, and the buyer’s financing.
Step #7: Closing. Everything is completed and you are now out from under the burden of debt and stress. Most sellers are so glad to be done with the stress and uncertainty. It’s closure.
If you are interested in a short sale, then call JoJo Harmon at 949-244-0719. I will contact you to discuss your options. Remember I’m here to help you in any way that I can.
