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.
371 Calm Water Way
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26017142 / Active
Brand NEW energy-efficient home! Outfit the Marley`s main-level flex space as a home office and skip your commute. In the kitchen, the island overl...
Reduced -$10,000
116 Chownings Lane
Goose Creek, SC 29445
Crowfield Plantation
Residential
MLS# 26017141 / Active
Charming 3BR/2BA ranch in desirable Crowfield Plantation featuring 1,450 sq ft of inviting living space. Enjoy vaulted ceilings in the living room ...
2050 Utsey Street
Johns Island, SC 29455
Oakfield
Residential
MLS# 26017139 / Active
LOWEST PRICED PULTE BUILD IN OAKFIELD! Welcome to this beautiful home ideally situated in a sought-after neighborhood filled with green space and w...
200 Bucksley Lane UNIT #303
Charleston, SC 29492
254 Seven Farms Drive
Residential
MLS# 26017138 / Active
Welcome to 200 Bucksley Lane #303, where thoughtful design, quality craftsmanship, and attention to detail come together to create a truly turnkey ...
118 Rusting Link Road
Summerville, SC 29483
Mallard Crossing
Residential
MLS# 26017135 / Active
Welcome home to this spacious 2-story residence located in the desirable Mallard Crossing subdivision of Summerville, SC! Featuring 5 bedrooms and ...
Reduced -$5,000
437 Radiant Blue Way
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26017133 / Active
Brand NEW energy-efficient home! Entertain with ease in the Gibson`s bright, open-concept living space. A secondary bath with dual sinks serves bot...
Reduced -$15,000
106 Calm Water Way
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26017132 / Active
Sun, palms, and Summerville living at its finest.This is the one you have been waiting for. Nestled in one of the Lowcountry`s most sought after ma...
367 Calm Water Way
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26017131 / Active
Brand NEW energy-efficient home! Purpose the Newport`s sizeable flex space into the media room you`ve always wanted. A walk-in pantry and large kit...
Increase +$8,000
44 State Street UNIT A
Charleston, SC 29401
French Quarter
Residential
MLS# 26017130 / Active
Located in the heart of Charleston`s historic French Quarter, this meticulously restored residence at 44 State Street offers a rare opportunity to ...
Reduced -$100,000
920 Ravenswood Drive
Charleston, SC 29412
Ashcroft Hall
Residential
MLS# 26017129 / Active
Welcome home to this charming James Island retreat, where comfort, character and functionality come together beautifully. This inviting 3-BR, 2-BA ...
Reduced -$10,000
3044 Emma Lane
Mount Pleasant, SC 29466
Emma Lane Townes
Residential
MLS# 26017128 / Active
Welcome to Emma Lane Townes, a sought-after luxury townhome community in the heart of Mount Pleasant. Ideally located less than 10 minutes from the...
194 Lime Spring Road
Cross, SC 29436
Residential
MLS# 26017127 / Active
2BR 1BA ranch home with great room with kitchen, bar, living room, screened back porch in a cove on Lake Marion. Great water all seasons! New metal...
217 Equinox Circle
Ladson, SC 29456
Heatherwoods
Residential
MLS# 26017125 / Active
Well Maintained home located in Heatherwoods Subdivision! Home features 4 bedrooms, 2 full baths and has all NEW luxury Vinyl Flooring throughout t...
Reduced -$5,100
1836 Saint Julian Drive
Charleston, SC 29407
West Ashley Plantation
Residential
MLS# 26017123 / Active
Move in ready one story brick home in West Ashley Plantation! This 3 bedroom, 2 bath home is situated on a private, wooded lot with no HOA. The ope...
Reduced -$10,000
516 Misty Bluff Circle
Huger, SC 29450
French Quarter Creek
Residential
MLS# 26017120 / Active
Welcome home to 516 Misty Bluff Circle! This beautifully maintained single-story home offers 3 bedrooms, 2 bathrooms, and an open split-bedroom flo...
Reduced -$5,000
2201 Pinehurst Avenue
Charleston, SC 29414
Springfield
Residential
MLS# 26017118 / Active
Welcome to this move-in ready brick ranch in the established Springfield neighborhood of West Ashley. Offering 3 bedrooms and 2 bathrooms, this cha...
3011 Scuba Drive
Charleston, SC 29414
Boltons Landing
Residential
MLS# 26017117 / Active
Welcome to 3011 Scuba Drive, a beautifully refreshed home situated on a desirable pond-front homesite in one of Charleston`s most convenient locati...
4904 W Liberty Park Circle
North Charleston, SC 29405
Oak Terrace Preserve
Residential
MLS# 26017116 / Active
Welcome to your next chapter at this charming home, nestled in a serene corner of Oak Terrace Preserve. This 3-bedroom, 2.5-bathroom home offers a ...
127 Hawthorne Landing Drive
Goose Creek, SC 29445
Hawthorne Landing
Residential
MLS# 26017114 / Active
Welcome to 127 Hawthorne Landing Drive, a beautifully maintained single-family detached home offering the perfect blend of modern design, comfort, ...
105 Bridgecreek Drive
Goose Creek, SC 29445
Crowfield Plantation
Residential
MLS# 26017112 / Active
Welcome to your serene sanctuary at 105 Bridgecreek Dr. Home has a spacious living room that is a delight, featuring a warm stone fireplace with a ...
224 Oak Park Street
Summerville, SC 29486
Nexton
Residential
MLS# 26017111 / Active
. Dual Masters! Enjoy this charming and beautifully maintained town home in the highly sought Brighton Park Village in Nexton. Open floor plan with...
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.