“Our Experienced Hawaii Short Sale Agent will Provide Necessary Paperwork, be Responsible for All Contact with Lenders and Banks, and Negotiate on Behalf of You.”
Step 1: Gather Information
We will get following information from you, which is needed to prove your financial insolvency.
- Bank Statements
- W2s
- Paycheck Stubs
- Property Tax Bill
- Homeowner’s Insurance Policy
- Monthly Bills
- Additional Liens
- Hardship Letter and Documentation
Step 2: Communication with the lender
In order to speak with the lender your behalf, we will need to obtain and submit your written authorization. Then, we will call the lender and ask for the Short Sale application packet. We will communicate with the decision maker in the loss mitigation department directly and regularly for updates.
Step 3: Develop the Proposal to the Lender
We will develop the proposal which must be well organized and done professionally.
Step 4: List Your Home For Sale
Most likely, we will list your home at the full market value or just below initially because the lender wants to see we are trying to get as much out of the property we could. Then, we will aggressively lower the price until we receive offers.
Step 5: Obtain an Offer
You will need to approve the offer first and send it to the lender for approval. If your lender accepts the initially offer, the buyer must be able to close in 30 days.
Step 6: Submit a Proposal
Once we have an offer, we will submit it with the proposal packet.
Step 7: Negotiate the Deal
We will negotiate with your lender(s) and get the acceptance letter. In our negotiation, we will ask to report the short sale to the credit department as “Paid as Agreed”. We want the lender to report it as “Settlement in full” with full release of the lien.
Step 8: Close the Deal
Typically, the deal must close within 30 days of the lender’s acceptance. Buyer has to be ready with cash or funding. Seller does have to attend the closing.
The Sooner You Act the More Options there are Available to Prevent Foreclosure. Contact Us for *FREE SHORT SALE CONSULTATION :