The Short Sale Process
Contact Adams Realty, LLC for more details about each of these steps.
STEP 1 – DOCUMENT PREPARATION
You will receive, review, and sign documents necessary for listing your house for a short sale.
STEP 2 – LISTING THE PROPERTY
Prepare the property for sale and the listing for the marketing stage.
STEP 3 – MARKETING
Keeping the property market ready while actively marketing it for sale with buyers. The lender’s BPO is also conducted during this stage.
STEP 4 – OFFERS
Once an acceptable offer is received and ratified, it will be submitted to your lender for review and negotiations.
STEP 5 – APPROVAL AND CLOSING
Once the mortgage lender has approved the contract, the buyer will schedule an inspection and a property appraisal. After this is concluded, closing will be scheduled. After closing, the property will no longer be your responsibility.