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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4187 Balmoral Court
North Charleston, SC 29418
Collins Park Villas
Residential

MLS# 18003055 / Active Contingent
2 br, 2 ba, 1 half bath, 1344 sqft

Come one, Come all. Investors, this won't last long! Just needs a little tlc to make a great rental. The 2 bedrooms are very spacious, very open... 

More Details

$49,900
Provided courtesy of Coldwell Banker Residential Brokerage

8732 E Fairway Woods Circle
North Charleston, SC 29420
Coosaw Creek Country Club
Residential

MLS# 18002627 / Active
4 br, 3 ba, 1 half bath, 3294 sqft

4 bedroom & 3.5 Bedroom home w/Pool in gated Coosaw Creek Country Club. Great floor plan. Featuring Hardwood Floors thru out the downstairs and har... 

More Details

$340,000
Reduced -$10,000
Provided courtesy of Carolina One Real Estate

3401 Hartnett Boulevard
Isle Of Palms, SC 29451
Forest Trail
Residential

MLS# 18001650 / Active Contingent
3 br, 2 ba, 2195 sqft

Great corner lot about 6 houses from the beach. This house is very charming and just waiting for someone looking to turn it into the beautiful styl... 

More Details

$635,000
Provided courtesy of Carolina One Real Estate

108 Alan Court
Summerville, SC 29485
Greenhurst
Residential

MLS# 18000395 / Active Contingent
4 br, 1 ba, 1 half bath, 1138 sqft

Ton of potential with this 4 bedroom 2 bath home. Located in DD 2 school zone on a quite cul-de-sac. Large eat-in kitchen, huge fenced backyard, an... 

More Details

$100,000
Provided courtesy of AgentOwned Premiere Group

423 Aberdeen Circle
Summerville, SC 29483
Scotts Mill
Residential

MLS# 18000373 / Active Contingent
4 br, 3 ba, 1 half bath, 2096 sqft

*** SHOWINGS BEGIN TUESDAY JANUARY 16TH*** Amazing and RARE opportunity to purchase this deeply discounted SHORT SALE. Located in the highly desira... 

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$169,900
Provided courtesy of ChuckTown Homes, LLC

7660 Blue House Lane
Edisto Island, SC 29438
Deepwater
Residential

MLS# 17033608 / Active
6 br, 3 ba, 2901 sqft

The Islands at Blue House - exquisite, ever changing views of wildlife, the creek, marsh,& N. Edisto from your classic lowcountry home nestled in a... 

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$850,000
Provided courtesy of Edisto Sales & Rentals Realty

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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$220,000
Reduced -$15,000
Provided courtesy of Realty ONE Group Coastal

322 Cabell Street
Charleston, SC 29407
Wappoo Shores
Residential

MLS# 17032204 / Active
3 br, 2 ba, 1930 sqft

Located in the heart of West Ashley, you will be minutes from schools, shopping, and restaurants. Walking in you are greeted by gorgeous hard wood ... 

More Details

$300,000
Reduced -$25,000
Provided courtesy of RE/MAX Alliance

8035 Nova Court
North Charleston, SC 29420
Colony North
Residential

MLS# 17032199 / Active Contingent
4 br, 2 ba, 2069 sqft

Located in a great neighborhood. The house has a split floor plan with 3 bedrooms on 1 side and Master on the other. Previous listings stated the ... 

More Details

$149,900
Reduced -$10,000
Provided courtesy of Coastalina Realty of Charleston

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... 

More Details

$150,000
Provided courtesy of ChuckTown Homes, LLC

400 Lakeview Drive
Summerville, SC 29485
Ashborough
Residential

MLS# 17031354 / Active Contingent
5 br, 3 ba, 1 half bath, 3997 sqft

Rare 1+ac corner lot on tidal creek - house built on higher ground - no flood insurance required. Brick 5BR home with the space to entertain: Firep... 

More Details

$360,000
Reduced -$30,000
Provided courtesy of Carolina One Real Estate

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

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

*BANK HAS INDICATED THIS REALLY ATTRACTIVE PRICING IS APPROVED* WELCOME TO AN OPPORTUNITY KNOCKING...GORGEOUS HOME IN A GORGEOUS LOCATION AT A GORG... 

More Details

$249,900
Reduced -$20,000
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 ... 

More Details

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

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

MLS# 17029140 / Active
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... 

More Details

$615,000
Increase +$16,000
Provided courtesy of RE/MAX Alliance

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... 

More Details

$370,000
Provided courtesy of Carolina One Real Estate

8626 Bentwood Drive
North Charleston, SC 29406
Northwoods Estates
Residential

MLS# 17028885 / Active Contingent
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... 

More Details

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

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... 

More Details

$274,900
Reduced -$100
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. L... 

More Details

$75,000
Provided courtesy of AgentOwned Premiere Group

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!!... 

More Details

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

8111 S Split Oak
North Charleston, SC 29420
Pepperidge
Residential

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

THIRD PARTY LENDER HAS DEEMED VALUE TO BE $130K, AND WILL NOT CONSIDER ANY LOWER OFFER. HANDY MAN SPECIAL with lots of potential! Very popular, tr... 

More Details

$130,000
Increase +$15,000
Provided courtesy of Home Solution Real Estate Services

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... 

More Details

$362,000
Provided courtesy of Miler Properties, Inc.
Residential, Land, Other Disclaimer:

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 02-23-2018 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 2018 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2018 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 02-23-2018 6:03pm est.

Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website.


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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

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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.

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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.

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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.

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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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Free Home Warranty

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Multiple Listing Service

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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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