Short Sale Escrow Services
A short sale is a real estate transaction where the lender reviews the homeowner’s outstanding loan(s) and determines whether the property is worth less than what is owed or has insufficient equity to cover selling and closing costs. When this is the case, the lender may agree to approve a discounted payoff amount that allows the property to be sold on the open market.
Short sales require consistent communication with lenders, agents, buyers, and escrow to keep the file moving forward. We are familiar with working directly with lenders and their loss mitigation departments, ensuring that requests are handled quickly and accurately while keeping all parties aligned.
As experienced escrow professionals, we help manage the transaction from approval through closing, ensuring that all contractual and lender requirements are satisfied before funds are disbursed. We are committed to making a complex process more organized, transparent, and manageable for all parties involved.
Did you know we also assist with the short sale approval process?
Once you have an accepted offer, your mortgage lender will need to review your case file and offer for approval before the buyer can ever move towards closing on the property. Outlook Escrow offers a one-of-a-kind solution to help ensure your bank approves your short sale offer. Best of all, this service is free with your escrow.
We have processed thousands of short sale transactions since 2007 and are highly experienced in working directly with lenders to help facilitate approvals. Our team understands lender requirements, documentation standards, and negotiation strategies, and we can help guide the process to improve efficiency and reduce delays. We also provide best-practice guidance throughout the transaction so you understand what to expect at every stage.