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 (4890). Please refine your filters for better results.
116 Sparrow Street
Bonneau, SC 29431
Lake Moultrie Shores
Residential
MLS# 26016702 / Active
``Boat from your backyard to Lake Moultrie!``Welcome to 116 Sparrow Street, where waterfront living meets small-town Southern charm! Nestled along ...
110 Bee Street
Summerville, SC 29483
Flowertown
Residential
MLS# 26016698 / Active
Opportunity is Knocking!Whether you`re a first-time homebuyer seeking the privacy and freedom of single-family living, an investor searching for a ...
1351 Winterberry Avenue
Goose Creek, SC 29445
St. James Estataes IV
Residential
MLS# 26016696 / Active
Welcome to this spacious custom-built home in the desirable St. James Estates community! Offering approximately 2,360 square feet, this home featur...
2678 Egrets Landing Court
Mount Pleasant, SC 29466
Brickyard Plantation
Residential
MLS# 26016694 / Active
Magnificent waterfront estate on 2.26 acres in Brickyard Plantation, where sunsets over Horlbeck Creek become a nightly ritual from your private de...
2049 Syreford Court
Charleston, SC 29414
Hunt Club
Residential
MLS# 26016691 / Active
Much larger than it appears! This deceptively spacious home combines the ease of main-level living with the flexibility of a second floor. Inside, ...
184 Whaler Avenue
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26016688 / Active
Welcome to 184 Whaler Avenue in the desirable West Lake community! Enjoy resort-style amenities, miles of walking and golf cart trails, and a conve...
334 Shoptaw Road
Holly Hill, SC 29059
Residential
MLS# 26016684 / Active
Traditional custom-built 4-bedroom, 2.5-bath home situated on 14.2 acres of mature forest along Briner Branch. This beautifully maintained property...
50 Elmwood Place
Goose Creek, SC 29445
Holly Court
Residential
MLS# 26016683 / Active
Charming 3-Bedroom Brick Home !Welcome home to this well-maintained 3-bedroom, 1.5-bath brick ranch nestled on a peaceful cul-de-sac. Inside, you`l...
Reduced -$10,000
1224 Old Course Lane
Mount Pleasant, SC 29466
Charleston National
Residential
MLS# 26016678 / Active
Tucked into the established Charleston National community, this 4-bedroom, 2.5-bath home offers the kind of outdoor living that makes Mount Pleasan...
301 Black Birch Drive
Summerville, SC 29486
Cane Bay Plantation
Residential
MLS# 26016676 / Active
Move-in ready Robie model built in 2022 in the Pine Hills community of Cane Bay Plantation. Situated on an oversized corner homesite with privacy f...
490 Eagleview Drive
Moncks Corner, SC 29461
Foxbank Plantation
Residential
MLS# 26016672 / Active
Better than new and move-in ready!Welcome to 490 Eagleview Drive, a beautifully maintained home in the highly sought-after Foxbank Plantation commu...
Reduced -$5,001
336 Coinbow Drive
Mount Pleasant, SC 29464
Hobcaw Point
Residential
MLS# 26016670 / Active
Situated on more than an acre in the coveted Hobcaw Point community, and just minutes from downtown Charleston, this exceptional custom residence o...
2608 Bayonne Street
Sullivans Island, SC 29482
Residential
MLS# 26016668 / Active
Nestled just steps from the Atlantic Ocean, this exceptional second-row contemporary residence seamlessly blends modern luxury with effortless coas...
1304 Pelican Watch Villas UNIT #1304
Seabrook Island, SC 29455
Seabrook Island
Residential
MLS# 26016663 / Active
Investment & Lifestyle Opportunity. Start and end everyday to panoramic ocean-river views, unforgettable sunsets, and a private boardwalk to your o...
9127 Parlor Drive
Ladson, SC 29456
Tranquil Hill Plantation
Residential
Some end units are just end units. This one is different. 9127 Parlor Drive sits on perhaps the BEST lot in all of Tranquil Hill Plantation: lush g...
3021 Robeson Trace
Johns Island, SC 29455
Indigo Grove
Residential
MLS# 26016648 / Active
This brand-new Stanley Martin home is on a gorgeous lot backing to woods with a large wrap around porch to take in the views! NEED A LARGE GARAGE??...
4764 Holbird Street
North Charleston, SC 29405
Wando Woods
Residential
MLS# 26016643 / Active
1984 brick ranch is located in the central Charleston area neighborhood of Wando Woods and offers abundant garage space. At 1617sqft, this home has...
125 Crooked Creek Court
Summerville, SC 29486
Sangaree
Residential
MLS# 26016641 / Active
Welcome to 125 Crooked Creek Court! This charming 3 bedroom, 2 bathroom home is nestled on a cul-de-sac in the Sangaree neighborhood, conveniently ...
2848 Cavalcade Circle
Johns Island, SC 29455
River Glen
Residential
MLS# 26016640 / Active
Rare opportunity to own River Glen`s largest home! A stunning 4,302 sq ft retreat on a premium private wooded lot. This 5BR/4BA gem is move-in read...
411 Talbot Drive
Summerville, SC 29486
Nexton
Residential
MLS# 26016636 / Active
*$4.99 FIXED RATE & $10K IN CLOSING COST ASSISTANCE! Certain terms apply* Welcome to your dream home by Stanley Martin in the heart of Nexton, SC! ...
Reduced -$4,562
3005 Harvey Avenue
North Charleston, SC 29405
North Charleston
Residential
Discover the perfect balance of modern comfort and vibrant Lowcountry living at 3005 Harvey Avenue. Ideally located just minutes from the heart of ...
Reduced -$1,000
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 8:27 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.