A short sale is the sale of a home where more money is owed to the bank than what the home will sell for. With over 150 successfully completed short sales, we have the experience and commitment get your short sale done.
Here's a brief description of the short sale process:
Your bank will require paperwork to verify your income and assets. Here's what they generally ask for:
2 most recent bank statements
1 month of paystubs
2 most recently filed tax returns
I will collect these and send them to your bank.
Marketing & Home Valuation
During this phase of the short sale, we will put your home on the market and get an offer. Your bank will have an appraisal or BPO (Broker Price Opinion) done to determine what the fair market value of your home is and to determine if the offer is sufficient.
Negotiation & Closing
Your bank will assign your file to a negotiator, and we will work with them to negotiate all the details and approval of your short sale. Once an approval is received, we open escrow and close your home sale. You will receive a check for any relocation incentives at the close of escrow.