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Short sale your home - What to expect Bookmark and Share

Safe choice for sellers

Experience and knowledge of the local market allows our REALTORS® to offer the latest market trends to help you to determine the right price for your property.

Our reputation for being honest and trustworthy has been established by providing quality service to countless happy sellers over the years. We will help you to sell your home in the specific time frame you desire.Ā 

With one of the top real estate web sites in Central Florida we can market your property to the widest variety of potential buyers. Relentless advertising and unmatched customer service makes Sloan Properties the safe choice for sellers.

What to expect


Once you have decided to short sale your home you will need to be ready to provide your REALTOR® with documentation like your last two bank statements, last two pay stubs, hardship letter, monthly expenses, and possibly W2's. The documents that you provide will be submitted along with the sales contract etc. 

Your REALTOR® will submit all the documents and under normal circumstances the bank will usually take approximately 30 to 90 days to perform an appraisal and review the documents. Usually during this time the bank will stop foreclosure proceedings and you will probably not receive much communication during the review time. While the short sale is being reviewed the bank may ask for further documentation or counter offer the buyer etc etc if these things are happening that is a good sign that the bank is willing to work with you on the short sale.  

Once the bank has approved a short sale usually the approval is time sensitive and generally must close within 30 days of the date of the approval letter. Some banks send very detailed approval letters citing how they will report to the credit bureau and when and the other banks don't go into much detail other than they are approving the sale and releasing the lien and accepting the short payoff, either way if you are unable to afford your mortgage the short sale is a really great option for those who need it. 

If you are considering short selling your home contact us and we can help guide you through the process. We have an outstanding success rate of 98% on short sale listings. So If you want agents who will work tirelessly on your behalf, fill out the form below and a REALTOR® with Sloan Properties will contact you immediately.

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