Short Sale Flow Chart - Mid Atlantic Settlement Services

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Short Sale Flow Chart Homeowner Makes Decision to Sell Property and Apply for Short Sale Approval

Homeowner Lists Property with REALTOR®

Homeowner Accepts Offer, Ratifies Contract Subject to Lender Approval

Contract Submitted to Mid-Atlantic Settlement Services For Settlement Processing

Lender Denies Short Sale

Lender Makes Additional Requirements

Lender Approves Short Sale

Homeowner Submits “Package” to Lender for Approval.

Homeowner Prepares “Package” Letter of Authorization Hardship Letter Listing Agreement CMA Preliminary HUD1 Assets/Liabilities Bank Statements Tax Returns

Mid-Atlantic Settlement Services Prepares Preliminary HUD-1

Settlement Day at MidAtlantic Settlement Services!


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