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 (4909). Please refine your filters for better results.
227 Farm Road
Goose Creek, SC 29445
Pineview Terrace
Residential
MLS# 26018470 / Active
Enjoy easy Lowcountry living in this beautifully updated one-story ranch style home situated on a spacious 1/3-acre lot. With no interior steps, th...
Reduced -$10,000
111 Duncan Court
Summerville, SC 29486
Sangaree
Residential
MLS# 26018469 / Active
Welcome to 111 Duncan Ct, where charm meets modern comfort in this beautifully updated all-brick home. Nestled on a quiet cul-de-sac, this residenc...
Reduced -$10,000
107 Aplomb Alley
Charleston, SC 29414
Bermuda Pointe Towns
Residential
MLS# 26018466 / Active
Marsh Front home in West Ashley convenient to shopping, grocery stores, Bees Ferry and more! Garage on the first floor, living on the 2nd floor wit...
126 Fox Chase Drive
Goose Creek, SC 29445
Crowfield Plantation
Residential
MLS# 26018464 / Active
Welcome to one of the most established and sought-after sections of Crowfield, where lifestyle, space, and value come together on an incredible .32...
1989 Hugo Avenue
North Charleston, SC 29405
Union Heights
Residential
MLS# 26018463 / Active
Minutes from Park Circle`s dining scene, downtown Charleston, and the airport, this home puts everything within easy reach. Inside, an open-concept...
Reduced -$35,000
136 Thirteen Way
Cross, SC 29436
Cross Area (west)
Residential
MLS# 26018462 / Active
Escape the noise and discover your own private Lowcountry retreat on 4.76 acres. Whether you`re searching for a weekend fishing getaway, hunting ca...
1140 Black Rush Circle
Mount Pleasant, SC 29466
Dunes West
Residential
Welcome to 1140 Black Rush Circle, a beautifully maintained home nestled on a private wooded lot in the highly sought-after gated community of Dune...
1825 Central Avenue
Summerville, SC 29483
Residential
MLS# 26018456 / Active
Spacious 2,400+ sqft home on Central Ave, set on nearly a half acre. Less than 5 minutes to Walmart, Starbucks, Publix, and numerous restaurants an...
375 Huger Street UNIT Unit F
Charleston, SC 29403
North Central
Residential
MLS# 26018455 / Active
Tucked just steps from Hampton Park and some of Charleston`s favorite restaurants, this classically designed single-family home offers the perfect ...
137 Daniels Creek Circle
Goose Creek, SC 29445
Liberty Village
Residential
MLS# 26018454 / Active
5 Bedrooms + Office + First-Floor Guest Suite | Over 3,000 Sq Ft! This Liberty Village home offers the flexible floor plan today`s buyers are searc...
2014 Saphire Court
Mount Pleasant, SC 29466
Crown Pointe
Residential
MLS# 26018453 / Active
This house is located in a cul-de-sac in Crown Pointe subdivision. It is two stories with a two car garage. Brick front porch, living room, with wo...
208 Red Knot Lane
Mount Pleasant, SC 29464
Tidal Walk
Residential
MLS# 26018452 / Active
Welcome to this beautiful 4-bedroom, 3 bathroom home in South Mount Pleasant! This move-in-ready home features a spacious, open floor plan. The tho...
1515 Maple Grove Drive
Johns Island, SC 29455
The Retreat At Johns Island
Residential
MLS# 26018448 / Active
Beautiful 5BR/2.5BA home on a private corner lot in desirable John`s Island. Main-level primary suite, cathedral ceilings, two-story Great Room wit...
139 Sabal Court
Summerville, SC 29483
Daniels Orchard
Residential
MLS# 26018445 / Active
139 Sabal Court is more than a home, it is a lifestyle rooted in the heart of Summerville`s beloved historic district. Located just minutes from Do...
5259 Angelica Circle
Awendaw, SC 29429
Rialde Farms
Residential
MLS# 26018444 / Active
Welcome to 5259 Angelica Circle, a truly one-of-a-kind custom estate tucked away within the exclusive gated community of Rialde Farms. Perfectly po...
135 Steeple Point Court
Summerville, SC 29485
Steeple Point
Residential
MLS# 26018441 / Active
Welcome to this well maintained 3 bedroom, 2.5 bath home in the desirable Steeple Point neighborhood of Summerville. Situated on a spacious fenced ...
168 Salt Yard Landing
Summerville, SC 29485
Summers Corner
Residential
MLS# 26018439 / Active
Summers Corner! Best lot in Desirable and Limited Heron`s Walk! Easy access to Hwy 165. This premier property is perfectly situated across from a l...
1242 Maryland Drive
Ladson, SC 29456
Moss Point
Residential
MLS# 26018435 / Active
242 Maryland Drive | Ladson, SCCome tour your new home, where everyday living feels effortless. Nestled on a generously sized homesite in an establ...
114 Sunray Lane
Summerville, SC 29486
Shell Pointe At Cobblestone Village
Residential
MLS# 26018434 / Active
Welcome to 114 Sunray Ln! This 4-bedroom, 2.5-bath home offers over 2,200 sq. ft. with an open-concept layout designed for everyday living and ente...
Reduced -$2,000
5413 Clairmont Lane
North Charleston, SC 29420
Cedar Grove
Residential
MLS# 26018430 / Active
Southern charm meets peaceful pond views in this beautifully maintained home in desirable Cedar Grove. With classic Lowcountry architecture, durabl...
4501 Millspring Road
Hollywood, SC 29449
Chaplins
Residential
MLS# 26018429 / Active
Welcome to your private lowcountry sanctuary! Sitting on a pristine wooded acre with circular driveway and no HOA, this home blends rustic charm wi...
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 07-11-2026 11:51 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.