Short Sale

Short Sale
Short Sale

A short sale is a process in which a homeowner sells their property for less than the amount they owe on their mortgage. This can help them avoid foreclosure and reduce the impact on their credit score. However, a short sale is not a simple or easy option. It requires careful planning, negotiation, and patience. Here are some of the steps involved in a short sale.

Step 1: Determine if you qualify for a short sale.

Also See: How to Know if You Are Eligible for a Short Sale

Step 2: Contact your lender and request a short sale package.

Also See: What to Expect from Your Lender When You Ask for a Short Sale

Step 3: Hire a real estate agent who specializes in short sales.

Also See: Why You Need a Professional Agent to Handle Your Short Sale

Step 4: Prepare and submit the required documents to your lender.

Also See: The Essential Paperwork You Need for a Successful Short Sale

Step 5: List your property and market it to potential buyers.

Also See: How to Attract Buyers for Your Short Sale Property

Step 6: Review and negotiate the offers you receive.

Also See: How to Evaluate and Negotiate Short Sale Offers

Step 7: Obtain approval from your lender and other lien holders.

Also See: How to Get Your Lender and Other Creditors to Agree to Your Short Sale

Step 8: Close the deal and move out of your property.

Also See: The Final Steps of Completing Your Short Sale

Colorado Home Foreclosure Prevention - COHFP

Arrange Free Housing Counsel – If the burden is too much to handle on your own, Colorado Home Foreclosure Protection (COHFP) can help.  We believe that during the initial home consultation, you’ll feel huge relief.  Happiness will start to set in immediately. Reach Out Today.

 

COHFP Can Help

  There will be many solutions that are discussed in person.  You’ll choose what works best.  Many can be put to use immediately, or within 30-days. 

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