How do you get started if you think a short sale is your best solution? Contact your Realtor and request a short sale package. Some are bank specific, so be sure to provide your agent with all of your loan information as well as an authorization form that allows the realtor to speak to the bank on your behalf.
Once the short sale process has begun, listen to what your realtor tells you. She may ask that you not have any communication with your bank after the short sale process is started. The realtor and her team will negotiate directly with the loss mitigation department, and discussions with other bank departments may get in the way of those negotiations. If she tells you to IGNORE THE BANK, she means that at this stage, the controlling department is the loss mitigation department – and she’ll talk with them on your behalf.
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