Getting a short sale approved by the existing lender is a multi-step process that requires patience, persistence and a lot of experience. If you decide that a short sale is the best answer for your situation, have a qualified professional represent you.

Do not allow a purchaser to work directly with your mortgage holder!

Don’t let the purchaser speak for you

In order to get a short sale approved your mortgage holder will require that you provide a great deal of personal financial information and documentation. You don’t want the purchaser discussing the details of your financial situation with your mortgage holder. You have absolutely no control over the purchaser and what they tell your mortgage holder.

The purchaser is interested in one thing, and that is to get the best deal possible. The negotiation with your mortgage holder could be unnecessarily drawn out by the purchaser to the point that you would not be left with time to avoid foreclosure if the purchaser does not close escrow.

Professional Representation – Free to you

Because the mortgage holder pays the real estate fee, professional representation is free to you. In effect, the mortgage holder pays the real estate fees, along with most other sales costs, so the short sale file can be handled by a professional.

The mortgage holder knows that it is in their best interest as well as that of the borrower to have the short sale file put together properly from the beginning, by a professional that does not have a conflict of interest.