How to do a Mortgage Short Sale on your House?

In this ehow.com article title “How to Do a Mortgage Short Sale“, the steps to short sell your house are outlined very well. The article goes on to explain that you should contact a short sale Realtor, and request the short sale paperwork from the bank.

Unfortunately one key step is not highlighted in the appropriate manner. You need a buyer to short sale your house. The article mentions that you should not move on to the next step until you have at least one offer on your house. What it doesn’t say is that the bank will not even look at your short sale packet until you have an executed purchase contract on your house.

Once you have a buyer for your short sale house, then you can submit your short sale paperwork and get started on the negotiations phase of the short sale. The bank is just willing to accept any offer, they are looking to get as high of a price as possible. That’s why it’s beneficial to work with a short sale investor that can put in an executed purchase contract early in the process and get the negotiations started early.

When you are ready to start the short sale process, contact a short sale investor in your area. This investor will have the contacts and experience necessary to guide you through the process. A short sale investor will help short sale your house and work with you to get your house sold before foreclosure.

Bottom line, read this article, “How to Short Sale My Home“, contact a short sale Realtor or investor and avoid foreclosure. And remember, a short sale is better than a foreclosure.