Cross Country Mortgage Short Sales
Considering a short sale and have a loan with CrossCountry Mortgage? CrossCountry Mortgage specializes primarily in residential mortgage lending and services conventional loans, jumbo loans, and government-backed loans (FHA, VA, USDA). All the different loan types have specific guidelines as to how their short sales are processed and CrossCountry follows those guidelines. CrossCountry has recently moved all their short sale processing to Equator - an online platform where Realtors can communicate with the lender to complete the short sale.
Will you qualify for a short sale? Find out now!
What to expect from your short sale with CrossCountry Mortgage:
Short Sale Timelines with CrossCountry
While I generally tell my sellers they can expect 4-5 months from he day they list their short sale home to the day they close on it, this usually includes about a 2-3 month period for the short sale approval process. CrossCountry short sales have been painfully slow to process for a very long time, but hopefully the move to Equator as their platform will improve this.
Short Sale Documentation Requirements
Unless you qualify for a streamline short sale, you will still need to gather all required documents, and your agent will upload these into Equator on your behalf, as well as enter the info into the online system.
FREE SHORT SALE SURVIVAL GUIDE!
A STEP BY STEP MANUAL FOR GETTING THROUGH THE SHORT SALE PROCESS!
CrossCountry Streamline Short Sales with Fannie Mae and Freddie Mac
If your loan is conventional and backed by Fannie Mae or Freddie Mac; and this is a sale of your primary residence, and you are 90 days+ behind with a credit score below 620, you will qualify for the streamline short sale program. This eliminates all the financial document requirements and greatly speeds and simplifies the short sale approval process.
FHA Short Sales with CrossCountry Mortgage
FHA has recently revamped their short sale process, most significantly by requiring a 61 day default, however financial documentation has been seriously limited.
VA Short Sales with CrossCountry Mortgage
VA always requires full financial documentation for all their short sales, without exception.
CrossCountry Mortgage Short Sale Review
Not a great experience as negotiators are rude and the process is slow, but hopefully the situation improves with their transition to the Equator platform.
RESPONSIVENESS
speed
SERVICE
Reid Real Estate Group has been specializing in helping sellers short sell in CT and FL since 2008! We've helped hundreds of homeowners move on from their over-mortgaged homes and on with their lives debt free, and we can help you!
Minna is the consummate professional. She delivered on every single item she said she would during our first conversation. Not only did she exceed expectations, she did it with a genuine concern for my situation. At every step of the process, her input and guidance was instrumental in helping to make my home an attractive property for buyers. She understands the market and uses that knowledge to her clients advantage. Selecting Minna was one of the best business decisions I ever made.
A.B.
Last Updated on June 10, 2026 by Minna Reid
