The Process

The short sale process can be very confusing  because it is not as simple as a regular real estate transaction. Typically the short sale process takes longer because you have to deal directly with the bank and gain their approval to sell the home. When a  client makes an offer to purchase a real estate short sale they do not have the benefit of getting a quick response like they would from a regular seller.


The short sale process begins with the homeowner having to show that they are eligible and qualify for a short sale.
All lenders typically require the following:

  • 2 years of tax returns
  • 2 years of W2’s
  • 2 months most recent bank statements for all accounts
  • 1 month most recent pay stubs
  • a hard ship letter
  • financial worksheet
  • listing agreement
  • purchase contract


The process of getting approved for a short sale is the exact opposite of what a borrower goes through when they are trying to obtain financing. When a homeowner is trying to get the bank to approve them for a short sale, they have to show the bank that they have made every attempt possible to try and make the payments but can no longer afford them.