Seller Expectations on a Short Sale

Are you wondering what is expected of you in short selling your home? Here is a list that will help a seller better their chances in having a quicker and successful short sale. Of course, there are no guarantees that the lender will approve your short sale even if you do all these things.

1. Please fax or email any new pay stubs or bank statements on ALL your accounts. This includes retirement and investment accounts. You will be signing a form which gives the lender permission to pull your credit so they can see all your accounts. They need to see the statements for verification purposes.

2. Keep the utilities on. Unless it is specified in your listing contract to not keep them on.

3. Keep the property clean and presentable. Maintain the landscaping, pool and spa.

4. When you receive any lender communication, please let your real estate agent know.

5. If you have HOA dues, keep paying if possible.

6. Start looking for another home and be ready to move-out in 30 days after short sale approval.

Any questions please let us know. San Diego Short Sales