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.
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 11:02 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.