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.
More Short Sale Info
Get more information about short sales by visiting Short Sale FAQs.
Get more information about the Difference Between a Short Sale and a Foreclosure.