working with lenders: Short Sales Don't Have to be Scary! - 03/28/12 09:17 AM
The short sale process truly is much like a normal home sale.  You still list your home with a Realtor.  You then market the property and reduce the price if necessary to get an offer.  The big difference is that once you receive an offer on your home, the offer price must be approved by your lender.  Once you get an offer, here is what happens:
A Hardship Letter is drafted by you to send to your lender.  This letter includes all financial difficulties that caused the short sale in the first place (divorce, job loss, medical issue, relocation, etc.)  The … (2 comments)

 

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