Timing of Submitting Short Sale Paperwork

[perkfern]

We are looking to pursue a short sale and wondering whether there is any benefit to submitting a hardship letter and supporting paperwork now, or whether it makes more sense to submit everything once we have an offer on the house? We are getting advice that the bank will not do anything at all until there is a contract offer with a deposit. However, our thought is that perhaps we could at least get the bank to review our hardship and assign a negotiator now, which might expedite the process later on. Thoughts?

Thanks for the input!

[sweetcaligirl29]

if you could i dont see why it would hurt.....i for one did it the hard way cw drags their feet lost like 7 buyers for my house we just keeped it after a mod ....so if you could do it fast i would ....and make sure when u get a buyer you let them know it does take time .....my house was on the market for an yr ....goood luck