SHORT SALE ANALYSIS FOR SELLERS AND A SAMPLE TIMELINE



1. Select an experienced agent and complete an MLS "Seller Net Sheet"
2. If an owner is negative $0 to $25,000 consider re-negociating your loan to keep the property
3. If an owner is negative $25,000 to $50,000 consider the Short Sale (Tax Benefit)
4. If an owner is negative $50,000 to $100,000+  the Short Sale is most likely the best financial choice. 


TIME LINE YOU MAY EXPERIENCE - 10 MONTHS

30 days 60 days 90 days 120 days 150 days 180 days 210 days 240 days 270 days 300 days 
                      

Agt submits Bank does Bank  Negoiator Agt submits Escrow is Closes in
Seller Net to Sold to get 1st lowest offer appraisal appoints a tell Agt bank's best offer opened 30 days

Decide 1-4 Comps. offer to bank negoiator

Sales Price meeting above Price

Stop all Payments

Bank reviews by committee

Hardship
Letter

Listings for loan Balances $


Use Cash
Flow to 
Pays Debts
& Credit Cards