The 3 Basic Steps to Complete a Short Sale on Your Home

October 31, 2017 | Brian Ruhl

I’ve had many homeowners call me that wanted a basic overview of the Short Sale process.  It can be a difficult process to summarize because there are so many moving parts and each Short Sale is unique with different lenders, timelines, and properties.  Still, I think it’s important to have a “typical” timeline for what a homeowner can expect and I was able to break it town into 3 basic steps.

Step #1: (Month 1) Consultation to go over details of the process, questions, timelines, and address any concerns. We help you put together the Short Sale package and obtain all lender criteria to submit and start processing the documentation.

Step #2: (Month 2-5) The Ruhl Team directly negotiates and processes the Short Sale with your mortgage lender, obtains a valuation on the home, gets an offer, and procures a short sale approval letter from the lender.

Step #3: (Month 6-7) The Ruhl Team reviews the Short Sale approval letter with you, opens up escrow and helps navigate disclosures and escrow paperwork.  Once escrow is closed, the property is handed over to the new owner and the loans on the home are satisfied. If there is a cash incentive it will be sent directly to you within 48 hours of escrow closing.

Again, it’s important to know that a Short Sale is different for every situation and if you’d like a pinpointed timeline on what to expect… contact me for a Free 30-minute consult.


Brian Ruhl
The Ruhl Team (Top 1% on Trulia and Zillow 5 Stars)
REALTOR – Over 1000 Successful Short Sales
Cell: 619.228.6200
Lic# 01493664 / eXp Realty

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