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 (4890). Please refine your filters for better results.
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 ...
5734 Glifton Avenue
Ravenel, SC 29470
Palmetto Terrace
Residential
MLS# 26019139 / Active
Welcome to true new construction in one of Ravenel`s most peaceful and highly desirable communities, and this is no basic spec home. Every detail w...
174 Grand Oaks Drive
Ladson, SC 29456
Grand Oaks Preserve
Residential
MLS# 26019137 / Active
Come and see 174 Grand Oaks Drive which offers space, comfort, with a beautiful pond view as well as gorgeous Grand Oak trees everywhere. With 3 be...
7477 N Highway 17
Awendaw, SC 29429
Awendaw
Residential
MLS# 26019136 / Active
Rare opportunity to own approximately 2.39 acres in Awendaw with nearly 600 feet of combined Highway 17 frontage. This unique offering includes a c...
293 W Bradford Pointe Drive
Summerville, SC 29486
Nexton
Residential
MLS# 26019135 / Active
Discover the pinnacle of modern Lowcountry living at 293 W Bradford Pointe Drive, a pristine 2022-built ranch nestled in the highly sought-after Ne...
3020 Candela Grove Drive
Charleston, SC 29414
Carolina Bay
Residential
MLS# 26019134 / Active
Seller contributing up to $25,000! Use the funds to reduce your out-of-pocket closing expenses, buy down your interest rate or create the home you`...
4227 Barnwell Avenue
North Charleston, SC 29405
North Charleston
Residential
MLS# 26019133 / Active
Better than new and truly move-in ready! Just over a mile from Park Circle with no HOA, this nearly new end-unit townhome offers modern style, adde...
181 Orchid Bloom Circle
Moncks Corner, SC 29461
Townes at Merrimack
Residential
MLS# 26019131 / Active
Welcome to 181 Orchid Bloom Circle in the desirable Townes at Merrimack! This beautifully maintained 3-bedroom, 2.5-bath townhome offers a perfect ...
607 Portia Street
Edisto Island, SC 29438
Residential
MLS# 26019129 / Active
Just a short walk from the sand, this classic Edisto Beach home captures the quiet beauty of one of South Carolina`s most peaceful coastal communit...
107 Westminster Avenue
Summerville, SC 29485
Ashborough East
Residential
MLS# 26019127 / Active
This stunning home welcomes you with a sweeping wrap-around porch perfect for relaxing evenings. Beautiful wood floors flow seamlessly throughout t...
711 Center Street
Mount Pleasant, SC 29464
Waterway Arms
Residential
MLS# 26019123 / Active
Welcome to 711 Center Street, a masterfully renovated retreat nestled in one of Mount Pleasant`s most coveted neighborhoods. Perfectly positioned b...
2044 Echo Avenue
North Charleston, SC 29405
Union Heights
Residential
MLS# 26019120 / Active
Welcome home to your charming Bungalow in Union Heights! This newer construction home is designed with an open concept floor plan and spacious livi...
1603 Prince Edward Street
Mount Pleasant, SC 29466
Oyster Point
Residential
MLS# 26019116 / Active
Imagine mornings on your screened-in porch with coffee in hand, afternoons kayaking from the neighborhood dock, and evenings strolling to live musi...
6 29th Avenue
Isle of Palms, SC 29451
Isle Of Palms
Residential
MLS# 26019114 / Active
Best Price Per Square Foot on Isle of Palms for New Construction. This brand-new custom home offers one of the best values for new construction on ...
1505 Lindsey Creek Drive
Mount Pleasant, SC 29466
Carolina Park
Residential
MLS# 26019113 / Active
There is a certain magic found only on the most storied streets of the Lowcountry, lovingly coined ``the tree street`` where 200-year-old moss-drap...
2303 Cameron Boulevard
Isle of Palms, SC 29451
Residential
MLS# 26019112 / Active
There are beach houses, and then there are homes designed to become gathering places for generations. 2303 Cameron Boulevard is one of those rare 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 1:03 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.