SHORT SALE TIMELINE

Listing Taken on Property by Realtor

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Short Sale Package Requested from Lender

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Hardship Letter & Completed Short Sale Package Sent Back to Lender

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Short Sale Authorization & Terms Received From Lender

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Buyer Makes an Offer on the Property - Offer Accepted by Seller

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Buyer's Offer Sent to Lender for Approval with a HUD Net Proceeds Estimate

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Offer Approved by Lender - Settlement Amount Obtained

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   Documents Signed by all Parties

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 Buyer's Funds Deposited in Escrow

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Short Sale or Release of Lien Disclosed by Lender

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Escrow Closes