We get calls from home owners in Jacksonville and Ponte Vedra who need to sell a home, but have been unable to get the mortgage company to give them an answer on doing a short sale.  These home owners are upside down in the mortgage, and attempt to get some kind of approval to do the short sale from the bank.  DO NOT DO THIS.

The correct steps to Start and Complete a Short Sale:

1. It's important to have the correct expectations, so spend the time to read this page about Short Sales.
2. Contact a licensed real estate agent who is an expert in Short Sales.  Meet Brad.
   1. We discuss your financial situation, house, bank, etc.
   2. We discuss the short sale process
   3. We discuss working with our Short Sale Attorney who will represent you.
3. Meet with our Short Sale Attorney in Jacksonville.
   1. He goes through the short sale process in more detail
   2. He charges a retainer fee of $500 or less to you, the seller.
   3. Pay the retainer, sign that he will be your legal representation in the short sale.
4. Meet with Brad at your house. (Short Sale REALTOR)
   1. Sign listing agreement.
   2. Pictures - Your house MUST be in model home condition when we take pictures.
   3. House goes on the market, sign goes in the yard, marketing begins.
5. Marketing the home:  REALTORS will bring potential buyers to your home for showings.
6. Buyer makes offer:   must be legit in price and terms
7. Offer given to Attorney, he makes adjustments.
8. Home Owner and Home Buyer sign offer accepting price and terms:  Contingent that the bank will agree to accepting the price
9. Attorney submits offer and ALL needed paper work at 1 time to the bank.
10. Attorney works with bank and negotiates the final numbers, terms, etc. (this usually takes no less than 60 days)
11. Bank issues Clear to Close Letter with terms.
12. Closing day:  Close on the house just like a normal real estate closing.