Short Sales are complicated transactions.

You should work with an experienced short sale listing agent who has been successful with working with banks and asset managers.

A short sale expert can help prepare a detailed short sale approval package that would include

• personal financial information requirements
• BPO (broker price opinion)
• Comparative Market Analysis (CMA),
• work hand in hand with a savvy title company to prepare a net proceeds sheet after cost of sale,
• can inform the seller that there are other possible options prior to a short sale including, loan workout, deed in lieu of foreclosure or foreclosure
• Understand what types of offers the bank is most likely to accept

Please note, there are other options to explore first. If a short sale is your last resort, make sure you seek legal advice first.

After that contact a short sale professional so the process is smooth, timely and done correctly