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 (4874). Please refine your filters for better results.
5050 White Cedar Road
Ladson, SC 29456
Coosaw Preserve
Residential
MLS# 26017376 / Active
Welcome home to this impeccably adorable home in Coosaw Preserve. Located in a Dorchester District II neighborhood with the elementary school right...
184 Hidden Cove Lane
Ridgeville, SC 29472
Residential
MLS# 26017375 / Active
PRIVATE 10.73-ACRE LOG CABIN RETREAT WITH POOL, HOT TUB, KAYAK ACCESS, AND INCREDIBLE INCOME POTENTIAL. If you`ve been dreaming of owning a private...
136 Acorn Lane
Santee, SC 29142
Residential
MLS# 26017368 / Active
Welcome to 136 Acorn Lane, a thoughtfully designed custom home situated on approximately 3 private acres at the end of a quiet road in Santee. Offe...
845 E Butternut Road
Summerville, SC 29483
Residential
MLS# 26017367 / Active
Enjoy the freedom of no HOA on this 0.74 acre property! This 4 bedroom, 2 bathroom home features two living areas, a fenced backyard, and double ga...
110 Creek Bend Drive
Summerville, SC 29485
Bridges Of Summerville
Residential
MLS# 26017363 / Active
Looking for a single story home in Summerville with energy-saving upgrades and outdoor living space? This ranch offers comfortable living in a cent...
1036 Old Cypress Run
Hanahan, SC 29410
Oak Pointe
Residential
MLS# 26017360 / Active
This stunning 4-bedroom, 3.5-bath, ~2,300 sq ft end-unit townhome offers the space and amenities of a single-family home with unbeatable value. On ...
25 Ocean Green Drive
Kiawah Island, SC 29455
Residential
MLS# 26017355 / Active
Welcome home to 25 Ocean Green Drive in the heart of Vanderhorst Plantation, just past the second gate. Situated across from the community pool and...
114 Ashley Hill Drive
Goose Creek, SC 29445
Crowfield Plantation
Residential
MLS# 26017349 / Active
Golf-Community Living, Generous Space, and Great Potential come together at 114 Ashley Hill Drive in The Hamlets in the coveted Crowfield community...
216 Hungerford Drive
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26017348 / Active
BELTON A FLOORPLAN! Kitchen opens to casual dining area. Granite countertops, tiled backsplash, walk-in pantry & gas range. Luxury Vinyl Plank on m...
5762 Hwy165
Ravenel, SC 29470
Ravenel
Residential
MLS# 26017343 / Active
Originally built in 1901, this renovated 3-bed, 2-bath cottage blends charm and character with modern updates. The half acre lot situated under gra...
218 Hungerford Drive
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26017342 / Active
READY EARLY FALL ! FINWOOD A FLOORPLAN! Open kitchen with granite countertops, tiled backsplash, walk-in pantry, microwave & gas range. Luxury Viny...
8011 Caswell Court
Ladson, SC 29456
Elms Glen
Residential
MLS# 26017339 / Active
SEPT. Delivery! *4.99% (FHA/VA) FIXED RATE PLUS PLUS $3,500 CC w/ use of pref. Lender and Attorney!* Welcome to Elms Glen...the latest new communit...
Reduced -$5,000
145 Brightwood Drive
Huger, SC 29450
Brightwood
Residential
MLS# 26017337 / Active
This beautifully upgraded home features a highly desirable main-level primary suite and is packed with premium features throughout its spacious, op...
Reduced -$10,000
8015 Ardbeg Cove
Ravenel, SC 29470
Hillcrest
Residential
MLS# 26017335 / Active
Ravenel, SC Homes at Hillcrest | Open Floor Plans Near West Ashley & CharlestonWelcome to 8015 Ardbeg Cove in the Hillcrest community of Ravenel, S...
Increase +$1,000
305 Magnolia Road
Charleston, SC 29407
Ashley Forest
Residential
MLS# 26017334 / Active
Don`t miss this RARE opportunity to build in one of West Ashley`s most sought-after neighborhoods, just a short walk to Avondale shops and dining. ...
1212 Jeanna Street
Summerville, SC 29486
Ashley Plantation
Residential
MLS# 26017333 / Active
Welcome home to this beautifully maintained 3-bedroom, 2.5-bath residence offering approximately 1,344 square feet of comfortable living space. Fea...
410 Colfax Lane
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26017328 / Active
KINGSFORD C 3 BEDROOM WITH LOFT! WALK into the foyer that extends to the great room and kitchen w/casual dining. Gas range, white cabinets, granite...
208 Oakbend Street
Summerville, SC 29483
Nexton
Residential
MLS# 26017324 / Active
Welcome to 208 Oakbend Street in Nexton`s sought-after Brighton Park Village! Backing to a tranquil pond with picturesque views of South Carolina p...
8019 Ardbeg Cove
Ravenel, SC 29470
Hillcrest
Residential
MLS# 26017321 / Active
Hillcrest Ravenel SC Homes for Sale | New Construction Near Edisto Beach & Hwy 17Welcome to 8019 Ardbeg Cove in the Hillcrest community of Ravenel,...
Increase +$1,000
243 Grouper Lane
Summerville, SC 29483
The Cove at Mallard Crossing
Residential
MLS# 26017320 / Active
New Construction Home in Summerville, SCYour new chapter begins at 243 Grouper Lane, located in The Cove at Mallard Crossing. This alley-fed home i...
Reduced -$150
112 Pine Valley Drive
Summerville, SC 29483
Pine Forest Country Club
Residential
MLS# 26017319 / Active
Welcome to this exceptional home in the Pine Forest Country Club community of Summerville. With its attractive brick exterior, three-car garage fea...
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 8:26 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.