How short sales generally work

Every file differs, but many short sales move through similar milestones:

1. Hardship package — Financials and a letter explaining what changed.
2. Listing — Market exposure consistent with investor arms-length expectations.
3. Offer — Contract that net-outs closing costs on a net sheet or equivalent.
4. Servicer review — Possibly including investor auto-valuation or appraisal.
5. Approval letter — Lists net proceeds, deadlines, and sometimes contribution language.
6. Closing — Funds disperse; liens release per escrow instructions.

Patience and documentation

Gaps in paperwork restart clocks. Keep secure copies of every upload and confirmation number.