The Four Steps of the Seattle Short Sales - Short Sale Service

The First Step:

The first thing we need to do is learn about your situation. Are you current, or in default? Is this your primary residence, or an investment property? Do you have one loan or two, or more? Do you have private mortgage insurance (PMI)? Do you have other liens on the property? Is there a Trustee Sale date? Do you currently have a listing agent? This first step begins by you contacting us. We will then have a phone consultation with you to learn about your situation.

The Second Step:

The 2nd step is to collect all of the required paperwork that your lender(s) will need. We will set-up our file, and make sure that you have answers to all of your questions. If you have any legal questions you will be able to get them answered by our attorney at no charge. Whether you have an offer on the property or not, we will submit the paperwork to your lender(s) to determine your eligibility for a variety of HAFA, Freddie Mac, and Fannie Mae short sale programs.

The Third Step:

Once an offer has been received on the property, it is sent to the lender(s) and the negotiation process begins. This stage typically takes 60-90 days to complete. Once we receive a response from the lender(s) it is provided to you for review. At this stage, if you have any additional questions, our attorney is available to answer all of your questions.

The Fourth Step:

Once you have reviewed the short sale approval letter(s), and the buyer has waived their contingencies, we will proceed to closing. Seattle Short Sales manages the entire short sales process all the way through closing, getting any extensions as necessary and making sure the buyer's financing is in order.

To get started, or to get any of your questions answered, please complete the Quick Response Form.

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