We are now offering our short sale facilitation and processing services to outside agents at no cost to the agent. In fact agents will get to keep a 5-6% commission in almost every instance. Not only do you get a full commission, we handle the file all the way to closing.

As you know, short sales can be a long and difficult process. Nationwide, only 15-30 percent of short sales get approved. By specializing in short sales, we have learned where many of the problems lie, and have developed procedures to help make short sales close. In order to use our services, your clients must use our forms and you must use our procedures and justify the price of your short sale. We will not handle any short sales that do not conform to our standards. In order to submit your short sale, you will need to use our documents.

Once we are are handling your short sale, you, your client, the buyer, and the buyer's agent will all be sent an updated email weekly as developments occur. As each situation is different, short sale approval times will vary.

Our methods will produce better results than any other company.

Submit Your Short Sale

 In order to submit your short sale, you will need to use our documents. If you have any questions about any of these forms, or why they are necessary, please give us a call at 859-360-2772. To submit a short sale, please fax the package to 859-360-2772 or email them to greeves@myclientsolutions.com

In order to do your short sale, we need a complete set of documentation. We will not initiate anything on incomplete files. Next, we will determine if the offer is one that the lender is likely to consider. As a result, we get faster approvals.

When a file is opened, the title company will run a preliminary title search to see what liens are attached to the property. They will figure out the mortgage amounts due, contact the homeowners association, if any, and figure out how much the banks will net in a short sale. They will do an initial HUD-1 and figure out how much the holding costs are for the bank on a daily, weekly and monthly basis.

Finally, we need to hold onto buyers. Lenders have toughened lending standards so we need assurance that the buyer is real. For this reason, we do not accept buyer pre-qualification letters where the buyer has not gone through credit review. Instead, we will only accept pre-qualification letters with credit review, pre-approavals or approval letters. If you have a cash buyer, we will need proof of funds.

Short Sale Process

Obtain The Listing – When obtaining a short sale listing you must explain to everyone the process of the short sale. Since no one can predict with certainty what any bank will do in any situation, do not tell sellers that they will be able to walk completely away free and clear from all their debt. Is this a possibility? Very much so. However, it is always better to under promise and over deliver throughout the entire process. Otherwise, everyone gets frustrated.

Find a Buyer – Once you have a buyer in place with either a contract or offer to purchase, we must manage the expectations of both the buyer and the buyer’s agent. If the purchaser is buying a home to live in, this means they probably love the house and are already thinking of things that they can do to the house to make it their own. On the other hand, the buyer’s agent is motivated by getting the sale closed so that they get a paycheck. Because agents and their buyers are nervous, you will need to manage their expectations. We have made this easier by allowing all of you to track the short sale online.


Submit the Offer – Upon receipt of a complete short sale package, we will fax the complete Short Sale Package to the lender and confirm receipt in 3 – 7 days. Why 3 – 7 days? This is the amount of time it takes for the bank to upload the packages onto their system. Once they confirm receipt, we ask the lender with the first mortgage to order an appraisal or a Broker Price Opinion (BPO), and request that a negotiator be assigned.

Once a negotiator is assigned they have 30 business days to review the offer. During this time we continue to check back regularly to get a status so that we can keep everyone informed. Once they deem the offer as Bona Fide, they submit the offer to the investor (the actual owner of the mortgage) for final approval. This can take up to 30 business days.

Get the Approval – Once the approval is received, the lender's approval will give the parties a maximum of 30 days to get the deal closed (it is occasionally shorter). We will give you an indication that an approval is forthcoming so that everything can close in the time allotted.

Closing the Deal – Neither the lender nor the title company can close overnight. The title company must get the HUD-1 to us for approval 72 hours before the closing. This allows us time to submit the file to the lender so that there are no surprises at the closing table.

These are the essential steps to a problem-free short sale. Always remember that accurate paperwork and good communication with the buyer’s agent are the two most important parts of the short sale process as long as you leave the actual facilitations to us. We will contact you by email for any information we need in order to move your short sale to a swift and successful conclusion.

We get compensated by charging the buyer a Buyer Processing Fee of $750.00. The Buyer Processing Fee is listed on the buyer's side of the HUD-1. We strongly recommend that the seller's agent put in the Agent's Remarks of the MLS that the buyer is responsible for paying Processing Fee at closing, and that any offers should take this fee into consideration.