Short Sale Process

    1. Contact our office for a FREE Confidential Short Sale Evaluation
    2. We will place your home on the market for sale for FREE, no cost to the seller!
    3. Put together the documents needed / hardship package
    4. Choose acceptable offer and send it over to the bank along with the hardship package
    5. We then start the negotiation process with the bank
    6. Call the bank or lender to get their number to the Loss Mitigation Department to fax over the authorization
    7. We will call a couple days later to make sure the authorization is in their system.
    8. Continue to follow up every 48-72 hours to receive updates on the file.
    9. Bank will conduct the appraisal or BPO to confirm the value that they will accept.
    10. Bank either accepts our offer or sends us a counter offer
    11. Once the short sale is approved we then open escrow
    12. Conduct a normal transaction
    13. Once escrow is successfully closed, then the homeowner must move out, unless otherwise agreed.
    14. We continue to keep in contact with you, provide you with credit repair solutions, and if you choose to, prepare you to be able to buy again in the near future

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Realty One Group DRE#01423187
Copyright 2010 and Patent Pending, Fred Sed , Best OC Properties. All rights reserved.
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    Date last updated: 2/22/12 10:12 AM PST

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