Short Sale Chicago
Shudnow Short Sale Group
(866) 402-0659


Say NO to Foreclosure & Say YES to Short Sale

Contact Info Shudnow Marketing Group: We Operate in Your Area: (847) 324-5282 (773) 253-4950 (630) 242-6613 (708) 398-4115 (312) 265-6862 ** Marc Shudnow ** Group Leader Assoc. Broker Licensed Home Inspector Licensed Loan Officer   ** Iva Shudnow ** Licensed Realtor Property Manager Marketing Manager

The Process:

The process is the most important part of any short sale.  The process is more of a Financial Situation and Issue, than it is a Real Estate issue.  If you do not know or understand the process, it can be very difficult.  We have developed a process to insure your best possible chance at success.  We will walk you through the entire process from the time we list your home until the day we close your home.  We are here to help you.

Choosing a Realtor can be difficult, Click Here for a Realtor Short Sale Checklist.

Below is the most common elements of the short sale process.

1) List the home
2) Bank authorization forms signed
3) Send bank authorization to the bank(s)
4) Market the home
5) Follow up with bank(s)
6) Fill out financial form(s)
7) Gather proof of financial information
8) Send BPO, financial form and financial information to bank(s)
9) Find a buyer
10) Negotiate purchase price/terms with buyer
11) Prepare net sheet for bank(s)
12) Send purchase contract, listing agreement, net sheet to bank(s)
13) Follow up with bank and gather other bank requested information
14) Send bank requested information back to bank(s)
15) Finalize short sale with the bank(s)
16) Order payoff letter from bank(s)
17) Close the property