What to expect from your short sale with PennyMac
Short Sales with PennyMac are usually quite a breeze. PennyMac services a lot of government loans, mostly FHA and VA. If you owe more on your Pennymac loan than your home could sell for, a short sale can help you sell your home and get your excess mortgage debt forgiven.
PennyMac's loss mitigation is smooth and efficient and for the most part, you can expect an uncomplicated short sale to be approved within a month or two, even less at times.
FREE SHORT SALE SURVIVAL GUIDE!
A STEP BY STEP MANUAL FOR GETTING THROUGH THE SHORT SALE PROCESS!
PennyMac does not usually own your loan, they just service it for an investor - usually FHA, VA, Fannie Mae or Freddie Mac. That means that while they will have to process your short sale to investor guidelines, the department doing the work can generally be expected to work in uniform fashion.
PennyMac Mortgage Short Sale Review
Overall, if you need to do a short sale and your loan is with PennyMac, you're in luck! PennyMac reps are pleasant and efficient, and will process your short sale in a pretty good time frame compared to many others. Like many other servicers ,as of late, PennyMac seems to be focusing on improving the short sale experience.
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I was about to give up and just turn my back on my home and walk away. However, I found Minna and she was a lifesaver! Other realtors tried to help me but made the situation worse and wasted my time. If you are in the unfortunate place of having to short sale your home, then you know it can be embarrassing and difficult, especially if you don't have real estate experience. Minna knew exactly what to do, and was very professional, knowledgeable, and, kind. Minna was on my side and handled all the challenges we faced with selling a house that at times seemed like it didn't want to be sold! I appreciate Minna and know that you will love her.
K.T.
Owe More Than Your Florida Home Is Worth?
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Last Updated on February 10, 2026 by Minna Reid
