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Real Estate Tips
Short Sales >2. How to Request a Short Sale

If you are facing foreclosure and are considering selling your home as a short sale as an out, get in touch with a trusted real estate professional immediately. They will be able to assist you in the process of requesting to short sell your home.

  1. Your real estate agent will most likely tell you that some banks will not allow a short sale to happen. Contact your lender’s loss mitigation department and speak with a supervisor. Explain your financial situation and ask if you qualify to sell your home as a short sale.
  2. Ask the supervisor what documents you’ll need to proceed and make copies of those. (Depending on the lender this could be anything from bank statements, tax forms, pay stubs, etc.)
  3. Ask your real estate agent to come up with a comparative market analysis report to show your lender how much the home is worth based on home sales in the area.
  4. Write a letter of financial hardship detailing the reasons you are no longer able to make payments on your home.
  5. When you’ve completed all the aforementioned necessary paperwork, compile it together and mail it to your lender’s loss mitigation department.
  6. Pending your short sale application approval, request a deficiency release from the bank. The release absolves you of any obligation to pay the balance on the mortgage. If the bank refuses, continue to press the issue.

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Real Estate Trivia
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What has been described as the world's most beautiful building?

A 
The white marble Taj Mahal in India was built by the Mogul emperor Shah Jahan (1631-53) to enshrine his favorite wife.
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The Christ Team, REALTOR®, real estate agents and broker for Georgetown, Round Rock and Austin, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

KARI CHRIST w/ THE CHRIST TEAM
Keller Williams Realty

823 S. Austin Avenue, Georgetown, TX 78626
Phone: 512-863-2220
Direct: 512-784-8181
Fax: 512-868-6917
Email: Kari@KariChrist.com

Real Estate is my profession and my passion; it never grows old. Each client I work with has different wants, different needs, different personalities, different styles, different backgrounds, different likes and dislikes, different areas and different neighborhoods. It makes every day and each transaction unique!

Trust is what I build my relationships on, both in my personal life and my professional life. I live by the GOLDEN RULE and I want it show vividly in everything I do. My past clients, both buyers and sellers, know that I listen first to their needs and expectations and follow with what is important to them. I realize it is the little things that can make a big difference.

Most consumers have a friend, a relative, or someone they know with a real estate license. I know the overwhelming feeling that comes with having to choose an agent. A few key things to look for are: Find someone that has several years of experience, that is professional, that works real estate on a full-time basis, that has earned various accreditations and training, that works for a large local brokerage, and that has testimonials from satisfied clients. (I have all of those qualities because I want to ensure my clients experience a first-class real estate transaction.)

My promise to you is this: I will strive not only to meet your expectations, but to exceed them. I will invest my time consulting, negotiating and caring for the needs of your real estate transaction. My goal is for you to have a superb experience which causes you to share my name with friends, family and co-workers. Yes, I actually like it when people talk about me!

Contact me today and we can get started on your move.


Accredited Buyer’s Representative Certified Residential Specialist Graduate Realtor Institute Accredited Staging Professional REALTOR



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