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 (4918). Please refine your filters for better results.
1277 Hermit Crab Way
Mount Pleasant, SC 29466
Dunes West
Residential
MLS# 26018059 / Active
Welcome home to 1277 Hermit Crab Way, a charming single-story residence tucked away in the highly desirable Whispering Marsh enclave of Dunes West....
Reduced -$15,000
1479 Long Grove Drive UNIT #204
Mount Pleasant, SC 29464
Seaside Farms
Residential
MLS# 26018058 / Active
This completely renovated 3-bedroom, 3-bath, corner-unit, second-floor condo delivers a stunning modern coastal interior, set against a serene pond...
150 Helena Park Drive
Summerville, SC 29486
Carnes Crossroads
Residential
MLS# 26018057 / Active
Welcome to 150 Helena Park! Experience Lowcountry living in one of Summerville`s most sought-after master-planned communities. This beautifully des...
109 O'Leary Circle
Summerville, SC 29483
Six Oaks
Residential
MLS# 26018053 / Active
** 4.99% ASSUMABLE VA LOAN** This is a beautiful primary bedroom downstairs home on a stunning pond homesite. This amazing home features 4 bedrooms...
Reduced -$3,500
114 Sea Oats Street
Summerville, SC 29485
Summers Corner
Residential
MLS# 26018050 / Active
This spacious two-story home features a formal dining room, butlers pantry, and study. Also including an open kitchen/living space with quick acces...
253 Tupelo Lake Drive
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26018049 / Active
This is the only lakefront homesite in the neighborhood with a private wooded backdrop, giving you privacy that can`t be added later. The home face...
406 Willow Court
North Charleston, SC 29420
Pepperidge
Residential
MLS# 26018048 / Active
This home sits on a quiet cul de sac. Frog is loft that over looks greatroom. Great family neighorhood large front porch for relaxing. master bedro...
208 Rae Lane
Bonneau, SC 29431
Macedonia
Residential
MLS# 26018045 / Active
Three separate dwellings on a full, usable 1.05-acre lot in Bonneau -- and three different ways to make it yours. Move into one home and let the ot...
259 Swallowtail Lane
Goose Creek, SC 29445
Landings At Montague
Residential
MLS# 26018044 / Active
Welcome home to this beautifully maintained 3-bed, 2.5-bath townhome in the heart of Goose Creek! Fresh paint, new carpet, updated bathroom lightin...
212 Coral Sunset Way
Summerville, SC 29486
Shell Pointe At Cobblestone Village
Residential
MLS# 26018042 / Active
Pond views, paid-off solar panels, and storage for days. If those are on your wish list, you`ll want to see this one.Some homes have a great locati...
Reduced -$6,000
691 Blue Heron
Mount Pleasant, SC 29464
The Village At Heron Lake
Residential
MLS# 26018039 / Active
Unbeatable Location! Privacy, serenity, and convenience in the charming 1 level, 3 bedroom, 2.5 bath lakefront home on quiet cul-de-sac. Open floor...
118 Sandy Bend Lane
Summerville, SC 29486
Nexton
Residential
MLS# 26018038 / Active
Welcome to 118 Sandy Bend Ln. in Summerville, SC! This charming 3Br 2.5 Bath home offers the perfect blend of comfort and convenience.Step inside t...
495 Trotters Lane
Moncks Corner, SC 29461
Boykins Run
Residential
MLS# 26018037 / Active
***Ask about the possibility of receiving 1% reduction in interest rate and free refi.***With great curb appeal, thoughtful updates, and a convenie...
205 Holly Inn Road
Summerville, SC 29483
Country Club Estates
Residential
MLS# 26018035 / Active
Welcome to a home that blends space, comfort, and outdoor living in one of Summerville`s most desirable settings. A full front porch welcomes you i...
2147 River Road
Johns Island, SC 29455
City Of Charleston
Residential
MLS# 26018030 / Active
Every upgrade you`d ever want, already done.On 1.2 private acres just minutes from downtown Charleston, beaches, and top dining, this Johns Island ...
4751 Arco Lane
North Charleston, SC 29418
Lake Palmetto
Residential
MLS# 26018027 / Active
Waterfront living awaits in this spacious 5-bedroom, 3.5-bath townhome on beautiful Lake Palmetto! Spanning three stories, this home offers over 2,...
115 Sea Oats Street
Summerville, SC 29485
Summers Corner
Residential
MLS# 26018023 / Active
The Elliot Plan- This traditional Charleston style home features a large front, covered porch and second floor balcony. The main living areas are c...
1969 Comstock Avenue
North Charleston, SC 29405
Union Heights
Residential
325 Harriswood Lane
Moncks Corner, SC 29461
Foxbank Plantation
Residential
MLS# 26018021 / Active
Welcome to this beautiful home located in the desirable Foxbank Plantation neighborhood! This stunning residence features a modern and functional l...
117 Sea Oats Street
Summerville, SC 29485
Summers Corner
Residential
MLS# 26018020 / Active
The Rutledge Plan - This 4 bedroom 2.5 bath home features the owners suite on the first floor, large covered back porch and huge loft. The main liv...
5064 Lady Bird Alley
Johns Island, SC 29455
Sea Island Preserve
Residential
MLS# 26018016 / Active
Experience luxury at Johns Island`s gated Sea Island Preserve. This two-year-old, single-story home sits on over a third of an acre, featuring eleg...
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 6:27 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.