The Short Sale Timeline: What to Expect Step-by-Step

Short sales have a reputation for being complicated — but that’s mostly because most people have never seen what the process actually looks like.

Here’s a clear, step-by-step timeline so you know exactly what to expect.

Step 1: Consultation & Hardship Review (Day 1–3)

We start by reviewing:

• Your hardship

• Mortgage details

• Home value

• Timelines

• Foreclosure risks

• All available options

This is where we determine if a short sale is the best strategy for your situation.

Step 2: Listing the Home (Day 3–10)

Listing the home immediately shows the lender that you are actively working to resolve the situation.

This includes:

• Professional photos

• Market positioning

• Buyer selection strategy

• Transparency about the home’s condition

Short sale buyers must be strong, patient, and serious.

Step 3: Collecting Documentation (Day 3–10)

You’ll need to gather:

• Hardship letter

• Pay stubs

• Bank statements

• Tax returns

• Mortgage statements

• Authorization forms

We help you compile and package everything perfectly for lender review.

Step 4: Receiving & Negotiating Offers (Day 10–30)

Once an offer comes in, we:

• Present it to your lender

• Negotiate with the buyer to ensure the offer is strong and lender-friendly

This step ensures the lender sees a viable solution.

Step 5: Lender Review & BPO (Day 30–90)

During this period, the lender will:

• Order a Broker Price Opinion (BPO)

• Review your hardship

• Analyze the offer

• Verify all documents

• Contact any lien holders

This is where our negotiation skills matter most.

Step 6: Short Sale Approval Letter (Day 60–120)

Once approved, the lender sends:

• Approval letter

• Net requirements

• Closing instructions

• Move-out timelines

• Final terms

We review every detail to ensure you’re fully protected.

Step 7: Closing Day (Day 90–150)

On closing day:

• Lender receives the agreed amount

• Remaining balance may be forgiven

• Foreclosure stops

• Your credit avoids severe damage

• You get a fresh start

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Every Short Sale Is Different — But the Right Team Makes It Seamless

Short sales can take time, but with the right team and strategy, the process becomes manageable and predictable.

If you want a clear path and strong advocacy, you’re in the right place.

Short Sale Experts – Powered by Elevated Realty Group

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