While many lenders will have varying requirements and may demand that a borrower submit different types of documentation, the following should be treated as a guideline of what is required in a pursuing a short sale.
Contact Your Lender Immediately:
You need to make the effort to find the right person responsible for handling a potential short sale. You want to talk to person in charge of loss mitigation for the lender, you want a supervisor's name, the name of the individual capable of making these kinds of decisions.
Submit a Letter of Authorization:
Your lenders will not want to disclose any of your personal information without written authorization to do so. If you are working with a real estate agent, closing agent, Title Company or lawyer, you will receive better cooperation if you write a letter to the lender giving the lender permission to talk with those specific interested parties about your loan. You should include the following information: name, address, loan number, third party agents involved and contact information on both the agents and yourself.
A Preliminary Estimate of Your Lenders Proceeds:
A preliminary HUD-1 settlement statement that indicates the sales price you are under contract for and all the costs of sale, unpaid loan balances, outstanding payments due and late fees, including real estate commissions, if any. Your third party agent (realtor, title company or lawyer) should be able to prepare this for you. The bottom line should not indicate any net proceed to the seller.
Your Circumstances, In The Form of a Hardship Letter:
A complete description of the facts that brought you to financially challenging situation and why you have a valid reason for the lender to accept less than full payment. Lenders can understand many circumstances are unavoidable, loss of job, death, divorce, etc., but they are not very compassionate to situations involving dishonesty, misrepresentation or criminal (or criminally negligent) behavior.
A Complete Financial Statement:
Be truthful about your current financial situation and disclose your assets and liabilities. Provide information on savings accounts, money market accounts, stocks or bonds, cash, real estate or anything of tangible value. Your lender will need to be assured that you cannot pay back any shortfall in the short sale transaction.
Proof of Valuation:
Many homeowners caught by the current downturn of the real estate market have lost significant equity in their home. This should be part and parcel as to why you cannot sell your home for enough to pay off the existing lien. You need to substantiate this value to the lender through a proof of valuation. In declining value to the lender you could present a fully completed appraisal, a comparative market analysis (CMA) or a broker’s opinion of value.
Your Purchase Agreement and Listing Agreement:
The lender should want a copy of the executed offer, along with a copy of your listing agreement. Be prepared for the lender to renegotiate commissions and to refuse to allow payment of certain items such as home protection plans or seller concessions inspections.
If your package is complete, the facts are accurate and the circumstances speak for themselves, the lender will approve your short sale. Within the ongoing communications and negotiations, you should ask that the lender not report any adverse credit references to the credit reporting agencies, although they would be under no obligation to accommodate this request.
Modify Search Criteria
Your search returned more than 1500 results (4871). Please refine your filters for better results.
1046 Bee Hive Road
Awendaw, SC 29429
Beehive
Residential
MLS# 26019275 / Active
Beautiful, cleared and fenced 1 acre parcel on Beehive Road just steps off Hwy. 17N and minutes from all services and amenities Mt. Pleasant provid...
2592 Jenkins Point Road
Seabrook Island, SC 29455
Seabrook Island
Residential
MLS# 26019273 / Active
Discover Waterfront Elegance. Step inside this rare marsh-front sanctuary and feel the stress of everyday life melt away as you take in sweeping, e...
95 Branch Creek Trail
Summerville, SC 29483
Branch Creek
Residential
MLS# 26019270 / Active
Far from the typical builder-grade townhome, this thoughtfully upgraded residence showcases a level of craftsmanship, design and finish rarely foun...
1852 Mepkin Road UNIT Unit F4
Charleston, SC 29407
Mepkin Place
Residential
MLS# 26019269 / Active
Welcome home to 1852 Mepkin Rd Unit F4 this beautifully updated 2-bedroom, 1.5-bath Condominium in the desirable Mepkin Place community in the hear...
106 Cambell Court
Summerville, SC 29486
Sangaree
Residential
MLS# 26019268 / Active
Move in ready, 4 BEDROOM ranch in Sangaree with HUGE TWO STORY storage shed is available for new ownership!!! This home has it all: Updated fixture...
763 Bent Hickory Road
Charleston, SC 29414
Grand Oaks Plantation
Residential
MLS# 26019267 / Active
Welcome to Grand Oaks, where thoughtful updates, flexible living spaces, and an unbeatable location come together to create the perfect place to ca...
146 Broadstone Drive
Summerville, SC 29486
Sheep Island
Residential
MLS# 26019266 / Active
New construction home with conservation views - just minutes from Nexton!Welcome to 104 Broadstone, a thoughtfully designed new construction home i...
Reduced -$4,362
1129 Lands End Drive
Hanahan, SC 29410
Tanner Plantation
Residential
MLS# 26019265 / Active
Welcome to this stunning custom Charleston Single-style home nestled in Tanner Hall, one of Hanahan`s most desirable neighborhoods. Combining timel...
600 Waterman Street UNIT Unit 732
Charleston, SC 29492
Residential
MLS# 26019262 / Active
Wake up to sweeping Wando River views, breathtaking Lowcountry sunrises, and the ease of maintenance-free waterfront living. Recently taken off the...
413 Cedarview Road
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26019258 / Active
Welcome home to this beautifully maintained 3-bedroom, 2.5 bath, two story home located in a highly desirable community packed with resort style am...
1281 Horseshoe Bend
Mount Pleasant, SC 29464
Sweetgrass
Residential
MLS# 26019257 / Active
Delightful pond site home with unmatched curb appeal in the coveted Sweetgrass neighborhood in Mt Pleasant. This highly desirable location with its...
608 Ocean Boulevard
Isle of Palms, SC 29451
Isle Of Palms
Residential
MLS# 26019256 / Active
Positioned on one of the widest and most desirable stretches of beach on Isle of Palms, 608 Ocean Boulevard is a remarkable oceanfront retreat wher...
200 Cache Court
Charleston, SC 29414
Bermuda Pointe Towns
Residential
MLS# 26019255 / Active
This beautiful townhome, currently the builder`s model for the community, has never been lived in and is immaculate! With the upgraded features tha...
2363 Eades Lane
Charleston, SC 29414
Sylvan Shores
Residential
MLS# 26019251 / Active
Deep water access! Sylvan Shores is beloved for its quiet streets, exceptional walkability, and connection to nature, including a scenic path throu...
305 Northam Court
Goose Creek, SC 29445
Devon Forest
Residential
MLS# 26019250 / Active
Beautifully maintained and truly move-in ready, this exceptional home is located in a quiet cul-de-sac and offers the perfect combination of comfor...
3728 Abercrombie Court
Mount Pleasant, SC 29466
Carolina Park
Residential
MLS# 26019249 / Active
With 4 bedrooms, 3 full bathrooms, a dedicated home office, and a spacious loft, this Carolina Park home checks all the boxes! Tucked away on a pri...
5038 Foxwood Drive
North Charleston, SC 29418
Forest Hills
Residential
MLS# 26019246 / Active
Well-loved and well-maintained 2/1.5 townhome in the established Forest Hills community of North Charleston. Cared for by its longtime owner, the h...
2453 Sorrell Avenue
North Charleston, SC 29406
Northwoods Villas
Residential
MLS# 26019245 / Active
Welcome to 2453 Sorrel Avenue in North Charleston--a charming end-unit townhouse offering a LOW HOA FEE of $95/mo with fee simple ownership, deeded...
5557 Green Dolphin Way
Kiawah Island, SC 29455
Kiawah Island
Residential
MLS# 26019243 / Active
Welcome to 5557 Green Dolphin Way, a beautifully positioned Kiawah Island villa offering the perfect blend of relaxation, convenience, and investme...
1618 Patterson Avenue
Charleston, SC 29412
Bayfront
Residential
MLS# 26019242 / Active
Perfectly positioned between the historic charm of Downtown Charleston and the laid-back beauty of Folly Beach, 1618 Patterson Avenue offers an exc...
204 Buttercup Lane
Summerville, SC 29486
Cane Bay Plantation
Residential
Welcome home to this beautifully kept 5 bedroom and 4 bath home in The Oaks of Cane Bay Plantation! Upon entering, you are greeted by the perfect o...
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 EXP Realty LLC 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 07-10-2026 8:01 AM 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 2026 Charleston Trident Multiple Listing Service, Inc. All rights reserved.