To better serve you,
we have office locations
in the following counties*

*Orange County
*Riverside County
*San Diego County
Licensed CA. DRE
Personal Broker # : 01102481
Corporation Broker # :01378065

Steve Spiro, Broker
Steve@Asset-Liquidators.Net
(949)-212-3492

Hablamos Espanol
(714)-376-7885

Real Estate News
and Analysis from
The Wall Street Journal
Click the link below to read:

Why 2010 could be the year of the "SHORTSALE"

For a custom solution call
Steve Spiro,
a California real estate broker with 30 years of real estate experience and certified short sale specialist.
He can be reached at:
949 212-3492 or 619-307-9328

My short sale status

If you would like to request for a more specific update on your short sale transaction, please submit your request below for an immediate response.





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Last Name:
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Specific questions:	Enter your questions here.

Every short sale is unique but most can take approximately two to six months
or longer in some cases.

Turn times may also be affected by the complexity,
and stage of your payment history with each lender.

Below is an estimated time frame of of the short sale process broken up into 5 steps.

Step 1 of 5
Postpone Foreclosure or Sale of home (if applicable) We market your property until an acceptable offer is
received.
During this time we gather the necessary paperwork from seller as we prepare the Short sale file that will be submitted to the bank.

This step can take one to thirty days.

Step 2 of 5
The Short Sale file is submitted to the bank.

This step can take up to fifteen days before the bank acknowledges receipt of the file. Banks respond to Short Sale files on a first come first serve basis & some work faster than others.

Time frames are completely dependent on actual lender turn times.

Step 3 of 5
The bank will assign a negotiator to the file.
The bank will order a value evaluation of the home, and complete the final paper work.

We will negoiate on your behalf.
This step can take thirty to forty five days.

Step 4 of 5
The bank will complete the underwriting process of the file and issue the final approval.
This process can take two to four weeks or more
if multiple lenders are involved.

Step 5 of 5
This is the final step.
The bank will issue the final approval.

The buyer and seller must be prepared to close escrow within the maximum amount of time permitted by the bank.

Typically 30 days.

Step 1
e
closure or Sale.

Step 2
ubmit the Short sale file to the bank

Step 3

iator

Step 4

Short Sale is
underwritten

Step 5

Waiting for the deal to close.

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My short sale status