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 (4888). Please refine your filters for better results.
475 Caledon Court
Johns Island, SC 29455
Indigo Grove
Residential
MLS# 26016896 / Active
FINAL 2 END UNITS! 30-year fixed rates as low as 4.99% for primary residences! Ideally located at the foot of the Maybank Hwy Bridge, this elegant ...
Reduced -$9,800
754 Clay Field Trail
Summerville, SC 29485
Summers Corner
Residential
MLS# 26016895 / Active
*Est. Completion Sept 2026* The Tradd plan- This Charleston style home features a first floor owners suite, wrap around front porch and large loft....
Reduced -$5,750
2069 Kings Gate Lane
Mount Pleasant, SC 29466
Dunes West
Residential
MLS# 26016894 / Active
Welcome to 2026 Kings Gate Lane, a beautifully updated luxury townhome nestled within the highly sought-after Dunes West community in Mount Pleasan...
5736 Allison Avenue
Hanahan, SC 29410
Charleston Farms
Residential
MLS# 26016889 / Active
Cutest little cottage! This updated cottage comes fully furnished with a great fenced in backyard. The double gates on the side fence allow for you...
45 Eastlake Road
Mount Pleasant, SC 29464
Ion
Residential
MLS# 26016887 / Active
Meticulously reimagined and effortlessly elegant, this newly renovated home delivers the best of I`On living, with the rare bonus of a carriage hou...
8032 Shadow Oak Drive
North Charleston, SC 29406
Oak Bluff
Residential
MLS# 26016886 / Active
Here`s your chance to get a great deal in Oak Bluff - 8032 Shadow Oak Drive is fully renovated and move-in ready with nothing left to do! New roof ...
1042 Adirondack Drive
Summerville, SC 29485
Summers Corner
Residential
MLS# 26016885 / Active
The Primrose, like our popular new model home in Heron`s Walk! Upon entry, you will be greeted with a spacious entry hall. The open layout offers a...
Reduced -$10,000
232 Birmingham Drive
Summerville, SC 29486
Sangaree
Residential
MLS# 26016883 / Active
Discover a masterfully reimagined retreat at 232 Birmingham Drive, where modern luxury meets lowcountry charm on a coveted corner cul-de-sac lot. T...
518 Tulip Poplar Drive
Moncks Corner, SC 29461
Carolina Groves
Residential
MLS# 26016878 / Active
Spacious 5-Bedroom Mansfield Floorplan in Carolina Groves with Open-Concept Living & Flexible Layout in Moncks CornerWelcome to 518 Tulip Poplar Dr...
Reduced -$4,845
524 Trotters Lane
Moncks Corner, SC 29461
Foxbank Plantation
Residential
MLS# 26016877 / Active
This beautifully maintained home has over $16K in aftermarket upgrades to include an accent wall with fireplace, ship lapped kitchen island, pendan...
207 Cozy Brook Court
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26016876 / Active
Nestled on a quiet cul-de-sac, this inviting home offers the perfect blend of comfort, functionality, and Lowcountry charm. Step inside to discover...
1520 Faith Street
Mount Pleasant, SC 29466
Hamlin Plantation
Residential
MLS# 26016874 / Active
THE quintessential southern classic colonial awaits! This home stands apart with its classic entry, gas lantern & mature palms framing a beautifull...
Reduced -$30,000
302 Freeland Way
Moncks Corner, SC 29461
Foxbank Plantation
Residential
MLS# 26016873 / Active
Welcome to your serene suburban oasis! Nestled in a sought-after cul-de-sac, this captivating 4-bedroom, 2.5-bathroom home is a true sanctuary, off...
8867 Salamander Road UNIT #37
North Charleston, SC 29406
Pinckney Place
Residential
MLS# 26016870 / Active
Welcome home to the Compass floor plan, a well-designed 3-bedroom, 2.5-bath home offering modern finishes and low-maintenance living. Home includes...
Reduced -$10
894 Rutledge Avenue
Charleston, SC 29403
North Central
Residential
MLS# 26016869 / Active
Fully and masterfully restored historic Craftsman style home that seamlessly blends timeless architectural character circa 1935 with modern functio...
Reduced -$20,000
510 Tulip Poplar Drive
Moncks Corner, SC 29461
Carolina Groves
Residential
MLS# 26016865 / Active
Spacious 5-Bedroom Mansfield Floorplan in Carolina Groves with Open-Concept Living & Flexible Layout in Moncks CornerWelcome to 510 Tulip Poplar Dr...
Reduced -$4,882
107 White Water Court
Summerville, SC 29486
Sangaree
Residential
MLS# 26016863 / Active
This move-in-ready home offers the perfect combination of modern updates, convenience, and affordability with NO HOA.Step inside to find beautiful ...
2825 Sugarberry Lane
Johns Island, SC 29455
Whitney Lake
Residential
MLS# 26016860 / Active
Welcome to 2825 Sugarberry Lane, a pristine, one owner home offering classic Lowcountry elegance in Johnston Pointe a premier section of the highly...
622 Waterman Street UNIT #622
Charleston, SC 29492
Daniel Island
Residential
MLS# 26016859 / Active
Townhome 622 is a spacious three-bedroom residence offering four levels of indoor and outdoor living space and abundant natural light. The open mai...
522 Marsh Cove Circle
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26016858 / Active
Impeccably maintained featuring beautiful after-market upgrades, this popular Porto home is stunning! With 2 bedrooms, 2.5 baths, a home office, an...
Reduced -$25,000
277 Overcup Loop
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26016856 / Active
**5.25% VA ASSUMABLE LOAN** Welcome to 277 Overcup Loop, an impeccably upgraded 5-bedroom, 2.5-bathroom residence located in the highly sought-afte...
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 07-09-2026 11:52 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.