OC Short Sales Specialist


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The Short Sale process may vary, but there are a few very specific events that happen to make a successful Short Sale transaction close. These very crucial steps are as follows:


1) We need to get a "Release of Authorization" form signed by you. This form allows us to call your bank on your behalf to begin the Short Sale process.


2) The bank is then contacted to discuss the option and possibility of a Short Sale and determine what they require for a short sale package.


3) You will need to write a hardship letter explaining the financial duress you are experiencing. The lender may want to see financial documents such as, paystubs, bank statements, and any other financial records you have for review.


4) Submit the complete Short Sale package with a qualified offer and include the buyer's financial information (ie., type of loan they have to purchase the home, they're lender contact info, etc.).


5) Include an estimated settlement statement based on the offer received so the lender can calculate final costs, including commissions, amount of loan reduced, itemized fees and expenses associated with the sale of the house.


6) The lender will then request a BPO (Broker's Price Opinion) to determine the market value of the home and consider it into their final review before approving the Short Sale.


7) At this point, it could very well have already taken 4-6 weeks and the lender still may not have their final answer if they'll approve the Short Sale.


This is just to give you a basic idea of the Short Sale process. Of course, there are many other details, information, and skills that go into negotiated a Short Sale, which we don't have written here. This website is to provide some general knowledge to better understand the Short Sale process, and not meant to be a step-by-step guide. Please understand, we have to do this to protect our intellectual property and skill on successfully closing Short Sales.


The good news is, having us represent you in a Short Sale, is absolutely FREE to you. Because the bank covers the commissions paid to all parties as part of the closing costs. As a matter of fact, not only are the commissions covered, but most every fee involved in the sale of the home should be covered in the sale.


If you are falling behind in mortgage payments, however, do not wait too long to contact us. Timing is everything when considering a Short Sale and we need every minute we can to make sure your lender approves the Short Sale.


To get started with a FREE Short Sale consultation, call us today at:




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Website provided by OC Homefinder Team a Real Estate brokerage with the Bureau of Real Estate # 01262388 DBA: OC Homefinder Team. All materials, graphics, photos and documentation was originated by Shan Roberts and All rights reserved on use of this material within this website. copy write 2015