If you are facing foreclosure and are considering selling your home as a short sale as an out, get in touch with a trusted real estate professional immediately. They will be able to assist you in the process of requesting to short sell your home.

1. Your real estate agent will most likely tell you that some banks will not allow a short sale to happen. Contact your lender’s loss mitigation department and speak with a supervisor. Explain your financial situation and ask if you qualify to sell your home as a short sale.
2. Ask the supervisor what documents you’ll need to proceed and make copies of those. (Depending on the lender this could be anything from bank statements, tax forms, pay stubs, etc.)
3. Ask your real estate agent to come up with a comparative market analysis report to show your lender how much the home is worth based on home sales in the area.
4. Write a letter of financial hardship detailing the reasons you are no longer able to make payments on your home.
5. When you’ve completed all the aforementioned necessary paperwork, compile it together and mail it to your lender’s loss mitigation department.
6. Pending your short sale application approval, request a deficiency release from the bank. The release absolves you of any obligation to pay the balance on the mortgage. If the bank refuses, continue to press the issue.

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Team DeYonker
RE/MAX First
15095 22Mile Rd
Shelby Township, MI 48315
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Hi, my name is Dan DeYonker with RE/MAX First. Welcome to Macomb, Wayne and Oakland counties in the beautiful state of Michigan. I am a full time realtor and an industry leader in South Eastern Michigan! I specialize in existing home sales, new construction, vacant land and commercial properties. I have been a full time professional since 1994. I am proud to rank among the top 1% of all realtors nationwide. My philosophy is to treat all of my clients how I would want to be treated. I want to share with you my expert knowledge and experience. Please use my site to provide yourself with up to date information about Macomb, Oakland, Wayne and St. Clair counties in SE Michigan, and Metro-Detroit. If your looking to buy or sell a home in these areas or you are relocating across town, in or out of the state, the U.S., or the world you can call Dan "Your Real Estate Man" Toll free at 1-877-557-1234.

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