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 (4887). Please refine your filters for better results.
133 Saluda Drive
Santee, SC 29142
Santee Cooper Resort
Residential
MLS# 26019172 / Active
Tucked inside the gates of Santee Cooper Resort just outside Santee, SC at I-95 Exit 98, this beautifully maintained Lake Marion home is the kind o...
300 Flowering Peach Court UNIT Unit 101
Charleston, SC 29414
Shadowmoss
Residential
MLS# 26019169 / Active
Beautifully positioned one-story townhome in Middleborough at Shadowmoss, offering the perfect blend of comfort, convenience, and low-maintenance l...
136 Saint Phillips Row
Summerville, SC 29485
St Phillips Place
Residential
MLS# 26019163 / Active
Classic Charleston single, turnkey condition, under $350K -- 136 St Phillips Row delivers Southern charm and modern convenience in one of Summervil...
370 Chapel Creek Drive
Santee, SC 29142
Chapel Creek Plantation
Residential
MLS# 26019162 / Active
Welcome to 370 Chapel Creek Drive in Santee, SC, where golf, lake living, and Lowcountry charm come together in one exceptional property. This beau...
3569 Henrietta Hartford Road
Mount Pleasant, SC 29466
Park West
Residential
MLS# 26019161 / Active
This 2002 custom-built Lowcountry home sits on a .30-acre corner lot directly across from beautiful Tennyson Park, surrounded by grand oaks, magnol...
1511 Sanborll Landing Drive
Ladson, SC 29456
Hunters Bend
Residential
MLS# 26019160 / Active
Beautifully maintained 3BR/2.5BA home on a .23-acre lot in a desirable neighborhood with a community pool! Built in 2018, this move-in-ready home f...
413 Truman Drive
Goose Creek, SC 29445
Lakeview Commons
Residential
MLS# 26019158 / Active
Conveniently located in Lakeview Commons, 413 Truman Drive offers easy access to some of the Lowcountry`s most popular destinations. Enjoy dinner i...
9779 Transplanter Circle
Ladson, SC 29456
Mckewn
Residential
MLS# 26019155 / Active
Welcome HOME to 9779 Transplanter Circle--a beautifully designed 3 bedroom, 2.5 bathroom townhome offering modern style and an unbeatable location ...
718 Sandpiper Ridge
Edisto Beach, SC 29438
Beach Walk
Residential
MLS# 26019154 / Active
A Place Where Generations Gather! Tucked beneath grand Live Oaks and swaying palmettos, this beautifully maintained beach walk home captures the re...
2268 Seascape Court
Seabrook Island, SC 29455
Seabrook Island
Residential
MLS# 26019152 / Active
Custom home designed and built by renowned architect Michael Karamus and Surfside Construction just steps from Seabrook Island`s legendary ``North ...
5150 Trump Street UNIT Unit 1005
North Charleston, SC 29420
Charleston Park
Residential
MLS# 26019151 / Active
Welcome to easy, low-maintenance living in one of Summerville`s most desirable locations! Conveniently situated just off Dorchester Road in the DD2...
209 Omalley Drive
Summerville, SC 29483
Six Oaks
Residential
MLS# 26019150 / Active
Welcome to this stunning, thoughtfully designed home where timeless style, modern comfort, and an exceptional floorplan come together in one of Sum...
13 Smith Place
Charleston, SC 29401
Harleston Green
Residential
MLS# 26019148 / Active
Tucked away on a quiet cul-de-sac in Harleston Green, 13 Smith Place offers timeless Charleston charm paired with the comfort and convenience of do...
104 Hamlet Lane
Ladson, SC 29456
Tranquil Acres
Residential
MLS# 26019147 / Active
Welcome home to 104 Hamlet Lane in Ladson! This charming 3-bedroom, 2-bath brick ranch is full of opportunity and ready for its next owner. Situate...
2494 Etiwan Avenue UNIT Unit L4
Charleston, SC 29414
Melrose Park Townhomes
Residential
MLS# 26019146 / Active
Nestled in a premium courtyard location, welcome home to this updated and immaculate one-bedroom, one-bath condo in Melrose Park! The kitchen featu...
155 Wingo Way UNIT #473
Mount Pleasant, SC 29464
Tides IV Condominiums
Residential
MLS# 26019145 / Active
Penthouse living at Tides IV with stunning top-floor views of the marsh, water, Ravenel Bridge and Charleston skyline. One of the largest residence...
100 Carroll Lane
Summerville, SC 29486
New Hope Estates
Residential
MLS# 26019144 / Active
Seller will finance the home for the buyer! Welcome to this charming 3-bedroom, 2-bath mobile home nestled on a spacious flat lot in Summerville! A...
1427 Dahlia Drive
Mount Pleasant, SC 29464
Fiddlers Cove
Residential
MLS# 26019143 / Active
Welcome to elevated coastal living in this stunning modern retreat, where thoughtful upgrades, timeless finishes, and effortless functionality crea...
2981 Bennett Charles Road
Mount Pleasant, SC 29466
Residential
MLS# 26019142 / Active
Rare opportunity to own a one-owner brick home on nearly one acre in unincorporated Charleston County with no HOA. Properties offering this combina...
38 S Hampton Drive
Charleston, SC 29407
Sandhurst West
Residential
MLS# 26019141 / Active
Tucked away in the highly sought-after Sandhurst Subdivision, this rare find sits at the top of a quiet cul-de-sac on over one-third of an acre and...
1658 Calamus Pond Road
Summerville, SC 29483
Residential
MLS# 26019140 / Active
Welcome home to 1658 Calamus Pond Road! This brand-new 4-bedroom, 2-bath home sits on 1.15 acres, offering the perfect blend of modern comfort and ...
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 12:02 PM 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.