Short Sale Process

Once you have decided to short sell your home, there are many different factors to consider when choosing your realtor and negotiator. At SureFast Mortgage, for a Short Sale we have assembled a team to make the process of getting your home sold as quick and painless as possible. We take the most important steps to protect your interests during and after the sale of your home. We even have home buyers waiting to bid on many of our clients' homes, making the process even quicker. The industry average success rate has been tracked as low as 50% but at SureFast Mortgage, we have a 100% success rate on getting a short sale accepted by the bank regardless of your current payment history.

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Short Sale at SureFast Mortgage

1. 100% success rate negotiating short sales even if you are still on time

2. Aggressive, fully trained negotiating team

3. Partnership with local real estate agents trained in short sale properties

4. Protection against deficiency judgments

5. Home buyer base to possibly make a quick offer on your home

6. Attempt to completely eliminate the impact on your credit

 

Anticipated Time Frame for a Short Sale  Weeks 1 - 2: Setup   Customer Service receives and inputs file into system. Welcome!   Authorization letter is sent to lender.   File is referred to in-house Real Estate Consultant for listing.   Title company prepares estimated HUD.   Surefast Negotiator fazes complete Short Sale Package    Weeks 3 - 4: Value Assessment   File is assigned to Asset Manager at bank.   Asset Manager contacts Surefast to review file.   Appraisal or Brokers Price Opinion is ordered.   Surefast Negotiator coordinates access to property.   Appraisal/BPO is completed.    Weeks 5 - 8: Negotiations   Asset Manager contacts Surefast Negotiator to provide counter.     (A counter is not made if our offer is above fair market value)   Surefast Negotiator informs realtor of the counter.   Surefast Negotiator responds to Asset Manager regarding the counter.   Asset Manager submits their recommendation to bank management.    Weeks 9 - 12: Settlement   Asset Manager delivers approval to Surefast Negotiator who distributes to involved parties.   A close date is set.   Title company forwards preliminary HUD to Surefast Negotiator for final approval.   Closing Day arrives. Funds are wired or mailed to work. Short Sale is complete.

Selling your home can be a difficult process. If your Short Selling your home through SureFast Mortgage, our goal is to take all of the heavy lifting out of homeowners' hands. Our realtor partnerships and trained negotiating staff allow us to provide the best short sale negotiating services anywhere.

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This model is intended to be used as a guideline only. Timeframes for the Short Sale process may vary by lender. Loan type, loan number, auction date and marketing history may also impact the process. Properties with more than one lien will require acceptance from both lenders before close. Any files with incomplete or missing documents will further delay this process.