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6 must-haves for your short sale package.

In order to have a successful short sale, the following items must be assembled asap upon deciding to list your home as a short sale.

1. Recent mortgage statements for all loans.
2. Copies of your most recent tax returns (last two years ) with W-2’s and 1099’s.
3. Copies of your last two pay check stubs (husband & wife).
4. Copies of your most recent bank account statements.
5. A letter, written in your own words, outlining the facts associated with the hardship that caused your financial distress (hardship letter).  
6. Completed financial disclosure, a form usually provided by the lender. Include copies of credit card statements, financial obligations, divorce decrees, physician letters, or anything else that shows you are having difficulty making payments.

Once an offer is received, your Realtor® will submit these items to your lender(s), along with the other documentation necessary for a succesful short sale!

For more information, feel free to contact me.

This entry was posted on Sunday, October 4th, 2009 at 6:39 pm and is filed under Selling a Home, Short Sale - Avoiding Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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