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reproduce portions of this site or materials available at this site for personal and
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site must include this copyright statement.
You should consult an attorney for advice regarding your individual situation.
Contacting an attorney does not create an attorney-client relationship. Do not send,
e-mail, or provide confidential information or information you do not wish to be
publicly disseminated until such time as an attorney-client relationship has been
established and requested to do so by an attorney.
Copyright 2009 Law Office of Craig W. Little, P.A. All rights reserved. You may
reproduce portions of this site or materials available at this site for personal and
non-commercial use. All copies of portions of this site or materials available at this
site must include this copyright statement.
Web Articles
Analysis of Short Sales of
Residential or Commercial Property
Seller's Considerations
Lender's Involvement in the Short Sale Process
There is a fairly broad spectrum of lender’s views of and
attitudes towards short sales. Some lenders focus on the offer
and try going after those deals that will potentially generate the
largest pay down of the loan. Some lenders focus on the buyer
and seller and the likelihood that the proposed transaction will
close. And some lenders view short sales very unfavorably and
rarely approve them.
Attempting to secure a lender’s approval of a proposed
transaction can be time consuming and difficult. For various
reasons, which include a large increase in the number of short
sale offers lenders are being asked to approve and the
extensive investigation and due diligence the lender must
perform for each request for approval of a short sale, they
sometimes are not responsive.
The seller or the seller’s agent must be patient and they must
continue to stay in contact with the lender and attempt to move
the transaction forward. They must be persistent and not
necessarily accept a rejection of the proposed short sale from
the lender. They must be prepared to continually set forth the
strongest case that shows the necessity for the short sale and
the benefit to the lender and they must continue to advocate the
proposed short sale transaction.
Return to Seller's Short Sale Considerations
Residential or Commercial Property
Seller's Considerations
Lender's Involvement in the Short Sale Process
There is a fairly broad spectrum of lender’s views of and
attitudes towards short sales. Some lenders focus on the offer
and try going after those deals that will potentially generate the
largest pay down of the loan. Some lenders focus on the buyer
and seller and the likelihood that the proposed transaction will
close. And some lenders view short sales very unfavorably and
rarely approve them.
Attempting to secure a lender’s approval of a proposed
transaction can be time consuming and difficult. For various
reasons, which include a large increase in the number of short
sale offers lenders are being asked to approve and the
extensive investigation and due diligence the lender must
perform for each request for approval of a short sale, they
sometimes are not responsive.
The seller or the seller’s agent must be patient and they must
continue to stay in contact with the lender and attempt to move
the transaction forward. They must be persistent and not
necessarily accept a rejection of the proposed short sale from
the lender. They must be prepared to continually set forth the
strongest case that shows the necessity for the short sale and
the benefit to the lender and they must continue to advocate the
proposed short sale transaction.
Return to Seller's Short Sale Considerations
Law Office of
Craig W. Little, P.A.