Short Sale Process

The Short Sale Process may vary by lender. We have outlined information based upon our experience with handling the Short Sale Process in San Diego. Sellers typically are experiencing a financial hardship including loss of employment, loss of income, medical payments, decreased hours or reduction in pay. Many homeowners who may have applied for a loan modification must meet the bank guidelines for approval. If you have applied for a loan modification that was not approved, a Short Sale may assist you in selling your home for current market value and regaining your credit scores sooner than a foreclosure.

Figure 1-Short Sales