If you have been researching the benefits of a Tucson short sale and how it can help your financial situation, you may also be wondering exactly what you need to do to get started on the path to completing one. One of the very first, and most important, steps in successfully completing a Tucson short sale is find a real estate agent that has a generous amount of experience in the Tucson short sale process. It is important to ask questions and do your research before hiring any real estate agent to work with because completing a Tucson short sale is much different than completing a traditional real estate sale.
Once you have found a Tucson short sale agent that has the experience you want and need, they will have you create a short sale package which consists of financial documents and a hardship letter that all gets sent to your lender. Depending on who your mortgage investor is, the amount and type of paperwork will vary but, again, this all goes back to working with a Tucson short sale agent that knows their stuff. They will be able to provide you with a list of documents that are required by your lender to be submitted with your short sale package.
Once you have assembled your short sale package, you can sit back and let your Tucson short sale agent do the rest. They will list and market your property, submit your short sale package to the lender and handle any negotiations with them once an offer comes in. While the process of completing a Tucson short sale transaction is quite different than a regular real estate transaction, if you start the process out on the right foot and find a Tucson short sale agent that is knoweldgeable and experienced, your involvement in the process is essentially the same.