Josephine began as a paralegal at a foreclosure-defense law firm, so she knows how lenders and paperwork work.
Careful with the details
← Home
Short sales, handled with care.
If you owe more than your home is worth, a short sale may be a way forward. Here’s how we’d go about it together.
What a Short Sale Is
Selling for less than you owe, with your lender’s OK.
In a short sale, your lender agrees to accept less than the full loan balance so the home can be sold. It can be an alternative to foreclosure, but it isn’t right for everyone, and every lender and situation is different.
- A calm, private first conversation about where you stand.
- Help gathering the paperwork lenders usually ask for.
- Your home priced and marketed to attract a real, approvable offer.
- Steady follow-up with the lender, from offer to approval to closing.
How Short Sales Work
Six steps, one at a time.
Short sales take patience. You’ll always know where things stand.
- A private conversation
Your loan, your timeline and your goals, talked through in confidence. No judgment, no pressure.
- The lender’s paperwork
Lenders usually ask for a hardship letter, income and bank statements and tax returns. We help you put the package together.
- Price it to sell
A price based on real nearby sales, so the offer you get is one the lender can approve.
- Market the home
Photos, the MLS and showings, with buyers told up front that the sale needs lender approval.
- Work toward approval
We submit the offer to your lender and follow up until there’s an answer, including any counteroffers.
- Close and move forward
Once the lender approves, we keep the closing on track and help you plan your next step.
Why Sunset Listing Realty
Experience where it counts.
“She communicates with you every step of the way.”Trish D · Google
“Josephine got us back on track in less than a mth.”Trish D · Google
Sunset Listing Realty helps with the real estate side of a short sale. We aren’t attorneys or tax advisors, and we can’t promise a lender will approve a sale or forgive any remaining balance. Please talk with your lender, a real estate attorney and a tax professional about your situation.
Questions
Short sales, answered.
Not always. Lenders look at hardship, like a job change, illness, divorce or a move, and at how much is owed compared with what the home can sell for. Each lender sets its own rules.
Usually longer than a regular sale, because the lender has to review and approve the offer. It can take a few months. We’ll keep you updated the whole way.
It depends on your lender, your loan and the approval terms. Some lenders waive the remaining balance and some don’t. Read the approval letter carefully, and ask a real estate attorney and a tax professional before you sign.
Yes. What you share is used only to help you and isn’t shared without your OK. Please don’t send account or Social Security numbers through the website.
You’re Not Alone
Let’s talk about your options.
A few quick questions, then a free, private 30-minute call with Josephine.