On average, a short sale takes 3 to 4 months. During the short sale you are encouraged to continue living in the house, even if you are not able to make the mortgage payment. After initial contact and screening we will make an appointment to visit you and your house. We will go over the necessary forms and have you sign each document.
We will also ask for copies of the following documents:
- Mortgage statements
- Bank statements
- Pay stubs
- Tax returns
The house is then put up for sale and Oyezz will initiate the short sale with your lender. When an offer to purchase the house is received, you sign the sale contract and Oyezz begins the negotiations with the lender(s) and lien holders. After the offer is accepted by all lenders and lien holders, a closing date is set. Property owner must move out prior to closing.
The final step is for you go to the Title Company for closing and sign the closing documents. This finalizes the sale and you have successfully avoided foreclosure!