Approved Short Sale Pending Service Release

A service release is typically something you do not want to take place while you are processing a short sale transaction. Generally, when a service release takes place it results in the short sale process starting all over when it transfers to the new servicer.

The Potential Exception

When you have an approved short sale it may be possible to postpone a service release, but it takes reaching out to the right contacts at the bank. Furthermore; if the loan is serviced release it may be possible to have the new servicer uphold or re-approve the transaction based off of the previous servicers approval letter. Be sure to move quickly and escalate for the best chances at having a favorable outcome when your approved short sale pending a service release date and you need more time to close.

For assistance in having a service release date postponed or an approval letter upheld, please fill out the form below.

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What Is A Service Release?