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Short Sale Information for Homeowners

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Information for Homeowners Information for Real Estate Professionals FAQs about Short Sales
Bayview's Loan Counseling Department Is Here to Help You

The sooner you contact us, the faster we can work together to get your account back on track.

Mon-Fri: 8am-9PM (ET)
Saturday: Closed
Sunday: Closed

Call a Bayview Asset Manager

If you think a short sale might work for you, the first step is to contact Bayview today. The Bayview Asset Manager for you loan has the knowledge, information, and responsibility to assist you.

Mon-Fri: 8am-6PM (ET)

What is a Short Sale?
If you're interested in moving on from your property and getting a fresh start, selling your home might be the best option for you. You have the right to sell the property to someone else up until the foreclosure sale date. If the potential buyer's offer is not sufficient to pay off your loan, we may agree to accept less than the total amount due under certain conditions. This situation is commonly called a "short sale".

How do short sales work?

1. List the property with a real estate agent
Bayview can help you locate an agent in your neighborhood. The agent will advertise and show the property like any other, though they may promote it as a short sale to enhance it's visibility.

2. Bayview works directly with the real estate agent
The short sale team will work with agent to quickly evaluate offers and generate sales contracts.

3. For the seller, the process starts like a typical home sale
The home owner contracts a real estate agent to list and advertise the property. If qualified offers are made at a price lower than the mortgage value, the offers are forwarded to Bayview. Bayview then negotiates with the buyer's agent to arrive at a price acceptable to Bayview and the mortgage investor. At the closing, the property is deeded to the buyer and the mortgage is released.

Bayview Can Help

Bayview can assist you in the short sale process – from suggesting an experienced short–sale real estate professional in your area to helping with paperwork. We will work directly with your real estate agent to respond quickly to all serious offers and can make arrangements for closings.

Important Documentation

In most cases, a Hardship Application may be the first step for Bayview to review your current financial situation when requesting help with your mortgage. Your Bayview representative will advise you if you need to complete this application.

Once you have completed the application, please use one of the five simple ways to return documents to Bayview.

Frequently Asked Questions about Short Sales

Call our Loan Counseling department at 1.800.771.0299 to learn more about your foreclosure avoidance options.
Choose the right path for you. Get started now.

Loss mitigation options may have costs associated with them that you may be responsible for after completion of loss mitigation. Examples of these costs include title searches, appraisals and valuations. The costs may vary depending on the loan information, geographic area, etc. Please contact us for information on costs that may be associated with your loss mitigation evaluation.
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Mortgage Scam Alert: Beware of home loan rescue scams. Facing the possibility of not being able to make your mortgage payments is an unsettling time. Unfortunately, con artists often attempt to take advantage of vulnerable homeowners and may try deceptive scams where they pretend to represent Bayview Loan Servicing, LLC ("Bayview") and allege to have your best interest in mind. You should know that loss mitigation options and counseling do not require fees when working directly with Bayview or a HUD approved housing counselor. For your protection, if you are unsure if the person communicating with you about a modification or other deferment agreement or requiring you to make payments is from Bayview or a legitimate counseling resource, please contact the Customer Relations Department at 1.800.457.5105 or at customerservice@bayviewloanservicing and tell us about your situation.

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