So what is the first step in the short sale real estate process? First off, before setting up a meeting with the homeowners be sure that they are both going to be available to speak with you. Without both owners being present you risk wasting your time because you will need to return to the home to speak with the second owner prior to moving forward with the sale. If the homeowners are married get both signatures on all documents, even if they say that only one of them is on the loan. If they are divorced get both signatures unless one of the owners can provide a copy of the quit claim deed that the other owner has signed.

I recommend getting the deed before your proceed any further in pursuing a short sale. Why? People who are losing their home to foreclosure tend to have a high level of denial. Because of this in many cases you end up spinning your wheels because the sellers will stop returning calls, and stop cooperating with you in pursuing the short sale. Getting the deed signed over to you will help ensure that your efforts have the chance of leading to a profitable end, rather than wasting your time working for free with uncooperative homeowners. The last thing you want to do is end up spinning your wheels with homeowners who will not cooperate with you. As hard as it is to believe, even though you are helping homeowners to save their credit, many will work against you.

More info on your stop foreclosure information search:

Get Free Foreclosure Advice and Free Refinance Quotes
Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...

Short Sale Questions
The main stream media continues to be rich with stories about the struggling real estate market, here in the Sacramento area as well as across the country. They generally revolve around the increasing number of foreclosures, the mortgage crisis and now some of the government programs that may or ... more...

Short Sale Training - The Biggest Short Sale Mistake
I'm writing to let you know about the #1 way to speed up the Short Sale process that very few Realtors actually know about. Not using this strategy is the Biggest Mistake most Short Sale Realtors make. It may not be what you think, because it's not a "traditional" real estate strategy... I can't ... more...

Short Sales - 3 Key Factors Gurus Never Tell You About How To Do Short Sales
For those of you who are new to the Short Sale arena or new to real estate investment, let's first define what a "short sale" is and what it's SUPPOSED to accomplish. A short sale is the process of negotiating with a Mortgage Lender to convince them to accept less than the Homeowner's mortgage ... more...

Short Sale 101
This occurs when the net proceeds from the sale of a home are not enough to cover the sellers' mortgage obligations and closing costs, such as property taxes, transfer taxes, and the real estate practitioner's commission. The seller is unwilling or unable to cover the difference. Some ? although by ... more...