Your mortgage lender will be considering a number of factors in deciding whether to approve a short sale. A review of your circumstance, whether you deserve a break due to financial hardship caused by uncontrollable circumstances such as death, divorce, layoffs or illness. They will also take a hard look at whether it would be cheaper (or more profitable to them) to simply proceed with the foreclosure process on the house, make any necessary repairs and sell it through an agent. How many other real estate owned (REO) properties they have in their portfolio would affect their decisions as well.
The Process
when a borrower falls behind on their payments the loan is usually sent to the lender’s loan loss mitigation department. Most lenders also consider short loan payoff sale requests in their loss mitigation departments.
Your chances of success with your lender improve if your communications with them is organized and complete. Your contact with your mortgage lender’s loss mitigation department should be professional. You’ll want to send them the appropriate documentation and provide them with any additional information that they may require.
Keep in mind that lenders will approve a short sale as a last resort to avoid foreclosure.
If a home was purchased at the height of the market and has depreciated considerably, the home may be “upside down”, or is worth less than is owed. The lender may consider a short sale. The same is true for a property was recently refinanced at 100% or on an option arm leaving the property without equity. Keep in mind that lender is not in a position to manage property they are in the lending business. A home, while it’s sitting vacant waiting for sale, is accruing costly insurance premiums, taxes, repairs and bringing in nothing. The lender is losing even more because the lost interest they could be receiving on their asset. They have their money invested, but are making nothing from the investment until the property sells.
If a short sale can be accomplished, their money is returned and they are no longer losing money on the investment. In a short sale the bank may even be willing to finance a new owner, making it a win/win for all parties.
Your search returned more than 1500 results (4888). Please refine your filters for better results.
1039 Red Turnstone Run
Summerville, SC 29485
Summers Corner
Residential
MLS# 26017451 / Active
The Palmetto - a perfect cottage feel! If you are downsizing or in need of a one story home this may be the plan for you! Large foyer leading to an...
Reduced -$5,000
1602 Rifle Range Road
Mount Pleasant, SC 29464
Lucker Terrace
Residential
MLS# 26017450 / Active
Step into this beautifully updated, move-in-ready home offering modern comforts and unbeatable convenience. Situated on a generous lot directly acr...
Increase +$50,000
1291 S Barksdale Road
Mount Pleasant, SC 29464
Wakendaw Lakes
Residential
MLS# 26017449 / Active
If you`re seeking a newer home within an established, highly desirable neighborhood, this one delivers. It is thoughtfully designed for low-key lux...
1315 Ridge Road
Ridgeville, SC 29472
Residential
MLS# 26017447 / Active
**BACK ON THE MARKET AND BETTER THAN EVER WITH A BRAND-NEW METAL ROOF INSTALLED IN JUNE 2026!** Discover the perfect blend of country charm, privac...
2312 Falcon Road
North Charleston, SC 29406
Wildwood
Residential
Great Opportunity in Prime North Charleston Location! This charming 3-bedroom, 1-bath home offers incredible potential in a highly convenient North...
Reduced -$10,000
2 McDonough Road UNIT C-10
Folly Beach, SC 29439
Mariners Cay
Residential
223 Hungerford Drive
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26017442 / Active
FINWOOD D FLOORPLAN! Open kitchen with granite countertops, tiled backsplash, walk-in pantry, microwave & gas range. Luxury Vinyl Plank on main flo...
202 Laurelhurst Lane
Johns Island, SC 29455
Rhetts Cove
Residential
MLS# 26017437 / Active
Estimated Delivery In December! The Jenkins at Rhetts Cove offers 1,957 square feet of flexible living space with 3 bedrooms, 2 full 2 half baths, ...
228 Hungerford Drive
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26017436 / Active
WINHAVEN 4/3.5. Open kitchen, large island, granite countertops, tile backsplash, huge walk-in pantry, pendant lights pre-wire, gas range, microwav...
2331 Tall Sail Drive UNIT 803-C
Charleston, SC 29414
Seagate
Residential
MLS# 26017435 / Active
This neighborhood is a hidden gem with beautiful views from the neighborhood marina. Being sold as-is, this condo boasts a storgage locker, Stainle...
759 Lake Frances Drive
Charleston, SC 29412
Lake Shore Commons
Residential
MLS# 26017434 / Active
Welcome to 759 Lake Frances Drive--a waterfront retreat where metropolitan sophistication meets the laid-back beauty of Charleston living. Tucked a...
2829 Captain Sams Road
Seabrook Island, SC 29455
Seabrook Island
Residential
MLS# 26017432 / Active
Tucked behind mature canopy on a rare, private one acre double lot, this sun drenched Crooked Oaks home is a garden lover`s dream and a golfer`s de...
286 Brightside Trail
Summerville, SC 29486
Nexton
Residential
MLS# 26017424 / Active
Welcome home to this beautifully appointed single-story cottage, where timeless charm meets modern comfort. Thoughtfully designed with an airy open...
282 Brightside Trail
Summerville, SC 29486
Nexton
Residential
MLS# 26017421 / Active
Welcome home to this beautifully designed single-story cottage that perfectly blends style, comfort, and easy living. Thoughtfully appointed with n...
1154 Plantation Lane
Mount Pleasant, SC 29464
Snee Farm
Residential
MLS# 26017419 / Active
Welcome to timeless elegance in the heart of Snee Farm, one of Mount Pleasant`s most prestigious golf course communities. Perfectly positioned on a...
629 Bridlewood Lane
Mount Pleasant, SC 29464
Bridlewood
Residential
MLS# 26017418 / Active
Welcome to 629 Bridlewood! This home in the heart of Mount Pleasant w/ a large front porch creates inviting curb appeal. Inside, the foyer opens to...
Reduced -$26,000
810 Kings Oak Court UNIT Unit 4
Charleston, SC 29492
Governors Cay
Residential
MLS# 26017417 / Active
Welcome to The Pointe at Governors Cay! This is an exceptional opportunity to live alongside the marshes of Charleston in a move-in ready townhome,...
1146 Bennett Circle
Holly Hill, SC 29059
Residential
MLS# 26017414 / Active
This is an adorable cottage. Redone in 2022 inside & out. The welcoming landscaping greets you as you walk up the stone walkway. New roof, new wind...
334 Clearpath Drive
Summerville, SC 29486
Nexton
Residential
Sunset lagoon views, exceptional natural light, and custom-level upgrades define this refined Nexton home in the upscale Midtown section. Set on a ...
6504 Rozier Road
Meggett, SC 29449
Meggett
Residential
MLS# 26017410 / Active
A Rare Meggett Find!! Welcome to your Private Marshfront Retreat with Endless Potential! Home features 1 Bed ,1 Bath, 864 Sq. Ft. that sits on 2.64...
33 Lockwood Drive UNIT Lu105
Charleston, SC 29401
The Harborage At Ashley Marina
Residential
MLS# 26017407 / Active
If you`ve been searching for the ideal boat slip that makes getting out on the water fast and convenient, this 45x13.5 slip at Harborage at Ashley ...
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.