Your mortgage lender will be considering a number of factors in deciding whether to approve a short sale. A review of your circumstance, whether you deserve a break due to financial hardship caused by uncontrollable circumstances such as death, divorce, layoffs or illness. They will also take a hard look at whether it would be cheaper (or more profitable to them) to simply proceed with the foreclosure process on the house, make any necessary repairs and sell it through an agent. How many other real estate owned (REO) properties they have in their portfolio would affect their decisions as well.


The Process
 when a borrower falls behind on their payments the loan is usually sent to the lender’s loan loss mitigation department. Most lenders also consider short loan payoff sale requests in their loss mitigation departments. 

Your chances of success with your lender improve if your communications with them is organized and complete. Your contact with your mortgage lender’s loss mitigation department should be professional. You’ll want to send them the appropriate documentation and provide them with any additional information that they may require.

Keep in mind that lenders will approve a short sale as a last resort to avoid foreclosure.

If a home was purchased at the height of the market and has depreciated considerably, the home may be “upside down”, or is worth less than is owed. The lender may consider a short sale. 

The same is true for a property was recently refinanced at 100% or on an option arm leaving the property without equity. 

Keep in mind that lender is not in a position to manage property they are in the lending business. A home, while it’s sitting vacant waiting for sale, is accruing costly insurance premiums, taxes, repairs and bringing in nothing. The lender is losing even more because the lost interest they could be receiving on their asset. They have their money invested, but are making nothing from the investment until the property sells.

If a short sale can be accomplished, their money is returned and they are no longer losing money on the investment. In a short sale the bank may even be willing to finance a new owner, making it a win/win for all parties.


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316 Santee Drive
Santee, SC 29142
Santee Cooper Resort
Residential

MLS# 17032433 / Active
3 br, 2 ba, 1 half bath, 2376 sqft

Stunning home on a half acre lot that backs up right on the golf coarse. As soon as you enter your eyes will go directly to the large open floor pl... 

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$235,000
Provided courtesy of Realty ONE Group Coastal

123 Salt Meadow Lane
Summerville, SC 29483
Blackberry Creek
Residential

MLS# 17032160 / Active Contingent
3 br, 2 ba, 1 half bath, 3224 sqft

You will fall in love with this spacious home! Walking into the formal living room/dining room with the high smooth ceilings and open floor plan. Y... 

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$226,800
Provided courtesy of Realty ONE Group Coastal

121 Trestlewood Drive
Summerville, SC 29483
Sangaree
Residential

MLS# 17032013 / Active Contingent
4 br, 2 ba, 1 half bath, 2011 sqft

Don't miss out on this amazing opportunity to own a great home with huge potential, located in a great area on a huge corner lot the house has grea... 

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$150,000
Provided courtesy of ChuckTown Homes, LLC

1346 Ashley Gardens Boulevard
Charleston, SC 29414
Grand Oaks Plantation
Residential

MLS# 17031665 / Active Contingent
4 br, 3 ba, 1943 sqft

One of the few 4 Bedroom 3 Bath homes in Grand Oaks. Master Suite and 2 Bedrooms and Full bath on main level. Upstairs you will find another Huge... 

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$286,000
Provided courtesy of Carolina One Real Estate

209 Red Leaf Boulevard
Moncks Corner, SC 29461
Foxbank Plantation
Residential

MLS# 17029988 / Active
4 br, 3 ba, 1 half bath, 2872 sqft

*** JUST LISTED *** WELCOME TO AN OPPORTUNITY KNOCKING...GORGEOUS HOME IN A GORGEOUS LOCATION AT A GORGEOUS PRICE *** Meet 209 Red Leaf Blvd, a (4)... 

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$269,900
Provided courtesy of Fred Holland Realty

111 Red Rooster Circle
Moncks Corner, SC 29461
Residential

MLS# 17029182 / Active Contingent
4 br, 2 ba, 2112 sqft

Are you ready for a home in country that's still close to shopping, dining, entertainment, and the new Volvo site? Then this 4 bedroom, 2 bathroom ... 

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$70,000
Provided courtesy of Matt O'Neill Real Estate

14 Sandpiper Court
Isle Of Palms, SC 29451
Wild Dunes
Residential

MLS# 17029140 / Active Contingent
3 br, 2 ba, 1256 sqft

Located in the heart of Wild Dunes, you will be close to shopping, schools, restaurants, and minutes from the gorgeous IOP Beach. This is perfect f... 

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$599,000
Provided courtesy of RE/MAX Alliance

43 Morgans Cove Drive
Isle Of Palms, SC 29451
Wild Dunes
Residential

MLS# 17029125 / Active
4 br, 3 ba, 1 half bath, 2476 sqft

1st floor open concept with floor to ceiling windows overlooking 13th golf hole with hard wood floors and granite kitchen counters and upgraded sta... 

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$875,000
Reduced -$50,000
Provided courtesy of Keller Williams Realty Charleston

3094 Linksland Road
Mount Pleasant, SC 29466
Charleston National
Residential

MLS# 17029058 / Active Contingent
4 br, 2 ba, 1 half bath, 2398 sqft

MOTIVATED SELLERS - CHARLESTON NATIONAL GOLF COURSE VIEW!! This home is situated on the 9th tee box of the prestigious golf course of Charleston Na... 

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$370,000
Provided courtesy of Carolina One Real Estate

8626 Bentwood Drive
North Charleston, SC 29406
Northwoods Estates
Residential

MLS# 17028885 / Active
4 br, 2 ba, 1433 sqft

Don't miss out on this amazing opportunity to own this fabulous 4 bedroom home in a well established neighborhood, just minutes to I26 and US-52. T... 

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$140,000
Reduced -$10,000
Provided courtesy of ChuckTown Homes, LLC

5150 Trump Street
North Charleston, SC 29420
Charleston Park
Residential

MLS# 17028434 / Active Contingent
3 br, 2 ba, 1 half bath, 1573 sqft

Everyone's favorite thing is yard work. Unless you get home from work exhausted and would rather work on your motorcycle or practice guitar. Then y... 

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$165,375
Reduced -$3,625
Provided courtesy of LIve Oak Real Estate

1635 Short Cut Road
Cross, SC 29436
Cross Area (west)
Residential

MLS# 17028364 / Active
4 br, 4 ba, 3500 sqft

Absolute Bargain! Unbelievable price! Priced low & firm for your pre-approved buyer who wants a great deal on a super home in a country setting. Hu... 

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$250,000
Reduced -$24,900
Provided courtesy of Keller Williams Realty Charleston

1930 Tropicana Road
North Charleston, SC 29406
The Riverway
Residential

MLS# 17028312 / Active
2 br, 1 ba, 1 half bath, 1066 sqft

Nice condo in great location. Walking distance to Trident Technical College and nearby restaurants. This lovely unit has ceramic tile downstairs. S... 

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$75,000
Provided courtesy of AgentOwned Premiere Group

415 Parkdale Drive
Charleston, SC 29414
Carolina Cove
Residential

MLS# 17028171 / Active Contingent
2 br, 1 ba, 1 half bath, 868 sqft

Best deal in Carolina Cove. Great amenitites and location under $100k. Downstairs den, and kitchen with small courtyard and half bath. Upstairs are... 

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$94,500
Provided courtesy of John Poston & Company, Inc.

1162 Old Ivy Way
Mount Pleasant, SC 29466
Brickyard Plantation
Residential

MLS# 17027352 / Active Contingent
3 br, 2 ba, 1 half bath, 1717 sqft

Great opportunity to own this 3 bedroom and 2.5 bath house located in Brickyard Plantation.Nice floor plan with a lot of potential BUT NEEDS WORK!!... 

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$309,000
Provided courtesy of Golden Bear Realty, LLC

8111 S Split Oak
North Charleston, SC 29420
Pepperidge
Residential

MLS# 17026131 / Active Contingent
3 br, 2 ba, 1319 sqft

HANDY MAN SPECIAL with lots of potential! Very popular, traditional floor plan with a large family room and open to the kitchen and dining area. ... 

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$115,000
Provided courtesy of Home Solution Real Estate Services

8433 Taylor Plantation Road
North Charleston, SC 29420
Taylor Plantation
Residential

MLS# 17026055 / Active Contingent
5 br, 2 ba, 1 half bath, 2172 sqft

Welcome to Taylor Plantation! This neighborhood is conveniently located off Dorchester and Ashley Phosphate Roads and within the desirable Dorchest... 

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$216,000
Increase +$6,000
Provided courtesy of AgentOwned Premiere Group

447 Truman Drive
Goose Creek, SC 29445
Lakeview Commons
Residential

MLS# 17025716 / Active Contingent
4 br, 3 ba, 1 half bath, 1421 sqft

Welcome home to your beautiful like new home. This 2story town home has plenty to offer with dual Master Bedrooms. On the first floor the downstair... 

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$134,900
Provided courtesy of Carolina One Real Estate

290 Village Stone Circle
Summerville, SC 29483
Marrington Villas At Cobblestone
Residential

MLS# 17025573 / Active
2 br, 2 ba, 1513 sqft

LAVISH upgrades are in abundance in this immaculate, well maintained home. The Palazzo is a beautifully designed, detached, free-standing home on a... 

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$245,000
Reduced -$4,500
Provided courtesy of Coldwell Banker Residential Brokerage

530 Barfield Drive
Summerville, SC 29485
Walnut Farms
Residential

MLS# 17023456 / Active Contingent
5 br, 3 ba, 3545 sqft

APPROVED SHORT SALE PRICE FROM LENDER!! Yes, this home needs some repairs, but this stately executive home is on a 1 ACRE WOODED LOT and is priced... 

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$362,000
Provided courtesy of Miler Properties, Inc.

2603 Stith Avenue
North Charleston, SC 29405
Waylyn
Residential

MLS# 17022117 / Active Contingent
3 br, 1 ba, 1 half bath, 1503 sqft

**Calling All Investors! Income-Producing Short Sale Opportunity!** This is One of the Largest Homes in the Neighborhood.**It Includes Two Outbuild... 

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$84,900
Provided courtesy of Keller Williams Realty Charleston
Residential, Land, Other Disclaimer: p>Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Carolina One Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 12-13-2017 6:03pm est. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2017 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2017 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 12-13-2017 6:03pm est.

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Thank You Charleston!

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"I did not know there was a contest, so when Charleston City Paper readers voted me as their favorite Realtor, it was really nice. Charleston is a beautiful place, but the people here are what make living here so great!" - Nat Wallen

The Carolina One™ Sign

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Every aspect of what makes a sale successful has been carefully dissected for your benefit. Even down to what colors are most memorable and recognizable together on the Carolina One Real Estate sign.

Drone Photography

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Luxury properties and large tracts of land need to be viewed from a different perspective to attract a buyer. Standing out to buyers on the web is critical, and drones can make that happen in the right situation.

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Carolina One sells more homes over $1,000,000 than any other company in Charleston. Our Luxury Portfolio Program includes high quality peripherals, professional photography and an international marketing reach including the Wall Street Journal, Luxuryhomes.com and our Luxury Homes magazine.

Coming Soon Program

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With nearly 1000 agents, I will share your homes as a "coming soon" offering in our private Facebook group. Your home will be exposed to all of the buyers Carolina One agents are working with and will sell your home faster, and for more money... and this may even happen before it is placed on the market.

A Secure Lockbox

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The latest technology is utilized to ensure your home is easily accessible and completely secure. You can rest assured that your home will only be accessed by licensed SC Realtors, on your time frame, and on your specific terms.

Showing Appointments

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Handling the day-to-day showing appointments is an integral part of the sales process. Nat is able to efficiently arrange showings designed to follow the guidelines that you determine.

High-Quality Photography

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Quality photography plays an important role in attracting a buyer for your home. By taking the time to determine the best angle, time of day and what photos to include in your marketing campaign, Nat’s photography speaks volumes.

A Professional Description

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Careful attention to details will ensure your home is described and presented in the best light possible. By describing your home accurately and positively, Nat will work with YOU as the seller to craft the best feature and benefit list possible.

Carolina One™ Marketing

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Your home sale will benefit with the Carolina One team at work. Through a variety of different mediums, the fully staffed marketing department works to expose your home to all buyers coming into the Charleston area.

The Caravan Tour

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Nat Wallen will arrange a Carolina One agent tour of your home. Agents will become familiar with what your home offers by seeing it in person, and can share this information with their clients. In addition, agent feedback provides insightful opinions on the asking price and what will aid in the process.

The “Now Showing” System

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Using Carolina One’s exclusive “Now Showing System,” Nat will proactively contact agents currently looking for a home like yours. This proprietary software system will locate agents currently working with buyers that fit the price range and area for your home.

Office Notifications

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Carolina One has several offices in the Charleston area. With quality materials and a strong network of active Realtors selling homes each day in your neighborhood, your home sale will benefit with the strength of Carolina One’s agents working together.

Free Home Warranty

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An American Home Shield home warranty will be placed on your property at no cost to you. This coverage is provided to you while your home is listed with Nat Wallen of Carolina One Real Estate.

Multiple Listing Service

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Buyer E-mail Notifications

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Mass Realtor Syndication

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Multiple Websites

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Your home will be shared through various social networking portals. Nat controls several Facebook pages and groups. Your property will be shared on pages like “Charleston, SC” - “Fans of Charleston” - “Fans of MUSC” - “Mt. Pleasant SC”- “The Nat Wallen Team” - ”Nat Wallen Real Estate” and “The Best of Charleston.”


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