Want a Short Sale? Guess what your Mortgage Holder wants to Know…

In order to get a Short Sale… You have to tell them EVERYTHING!

Couple working on their bills together at their tableWhen a homeowner contacts me to talk about a short sale [selling their home for less than what they owe on their mortgage(s)]. I give an overview of the process, the time frame that a short sale can take to be approved and explain that it’s a lot like applying for a mortgage, but only in reverse.

The mortgage servicer who will assist with the processing of the short sale is going to evaluate your “worthiness” and wants to know everything about your current financial situation and your personal life too.

Documents you will be asked to provide to qualify for a Short Sale:

  • Most recent mortgage statements
  • 2 Years Tax Returns and W-2’s
  • Last 4 weeks of pay stubs
  • Last 2 – 3 months of bank statements
    • Checking accounts
    • Savings accounts
  • Last 2- 3 months of investment accounts
    • Money market accounts
    • 401k, ira, etc.
  • Financial Worksheet
  • Hardship Letter

Do you want to avoid Foreclosure and sell your home?

Do you have questions about short sales?

Please contact me, Debbie Summers, REALTOR, Certified Distressed Property Expert to talk about the options that are available to you.

Short Sales Work!

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