Short Sale Process

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Short Sale Process

Postby McBrown on Sat Nov 14, 2009 4:18 am

Can any one explain Short Sale Process Step-By-Step?
McBrown
Silver Investor - Level I
 
Posts: 2
Joined: Mon Nov 09, 2009 4:12 am

Re: Short Sale Process

Postby goodyphilips on Wed Sep 01, 2010 6:00 am

Well i found following steps from a very informative website, here there are following broad steps:
1. The Property Valuation Analysis for a Short Sale
2. Contacting the Lender for a Short Sale Application
3. Writing the Hardship Letter for a Short Sale
4. Backing Up the Numbers With the Short Sale Package
5. Elements of a Short Sale Purchase Agreement
6. What the Lender Does With the Short Sale Package
7. Negotiating the Short Sale with the Lender & Going to Closing
goodyphilips
Silver Investor - Level I
 
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