Short Sale Information
If there isn’t a financially feasible way for you to keep your home, a short sale is an option that can give you a fresh start and avoid the foreclosure process.
- A short sale can allow you to sell your home for less than you owe on the mortgage, pending investor approval.
- If you want to pursue a short sale, have your real estate agent open a case at equator.com and upload the Third Party Authorization Form to start the review process. If you don’t have a real estate agent, Mr. Cooper has a program to help you find one.
Note: Some investors will not permit a short sale if you have not been evaluated for all home retention solutions.
- We may request certain documentation to complete the short sale review. The short sale process could be delayed if the requested documentation is not received in a timely manner.
Note: A short sale may have tax consequences and/or impact your credit, so you’ll want to contact your tax advisor to discuss these potential impacts.