Prices vary depending on number of liens and difficulty of lender
A short sale is where the mortgage and other liens exceed the value of the property and the costs associated with closing a sale. A short sale requires that a broker be used to list the property and that the transaction is an arm's-length negotiation (other than in very limited circumstances where the homeowner may be able to buy back their own property and can get funding for that purchase). A property generally needs to be listed for 90 days for the owner to be considered for a Deed in Lieu of Foreclosure.
Acquire documentation required for lender(s)
Submit documentation in a format that will get lender to consider the short sale
Monitor and report on the progress of the short sale. Assure that parties are aware of when the appraisal of the property will be conducted.