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The Short Sale Process for Metro Denver, Colorado Home Sellers

1. You complete the required documents (with The Sold Team’s assistance, if needed) and return the documents to The Sold Team.

2. The Sold Team visits your home for a seller consultation. The appointment includes document review and information on the short sale process, in addition to the extensive information we provide to all home sellers. Any questions you may have will be answered. We’ll review our marketing plan for your home and get your input. We’ll also review any damages to your home, any repairs you’ve done, and any other issues with the home. This may help us in negotiating with your lender.

3. We contact your lender to establish a relationship and begin the short sale negotiations.

4. The Sold Team begins our comprehensive marketing strategy for the home.

5. The price of the home will be reduced on a regular schedule until we receive an acceptable offer.

5. As offers are received on the property, we'll present them to you to review. Together we’ll decide which offer should be accepted and submitted to your lender for approval.

6. When we have an accepted offer, we will send it to the lender along with the completed short sale package.

7. If any additional documentation is required, we’ll ask you to provide it at this time. It is absolutely crucial that you do so as quickly as possible to avoid any delays in the short sale process.

8. The Sold Team will be in constant contact with your lender to facilitate the acceptance process and insure that all required documents are obtained and submitted in a timely manner.

9. After your lender has approved the contract, we will manage the sale to make sure it proceeds as smoothly and quickly as possible.

Up | What Is a Short Sale? | Your Options | SFR Resource | Short Sales Vs Foreclosures | Short Sale Process | Short Sale Example | Hardships | Foreclosure Timeline | Loan Modification | Definition of Terms