Short Sale Tips

Tips for Working with the Lender on a Short Sale:

- Each lender will have its own set of rules, so be sure to talk with the appropriate department for its list of requirements.

- Inquire about the time frames for all processing, and send everything requested as soon as possible.

- Be aware of the foreclosure date and ask for a postponement if possible.

- Discuss the benefits of a short sale with the lender.

- Confirm everything in writing.

- Collect all the contact information (including physical address and/or delivery options) of the appropriate person or department at the bank or lending institution.