Short Sale Preparation List: Necessary For Completing A Short Sale

The following is a Document Checklist That Is Necessary For Completing A Short Sale

- A Financial Information Form showing your debts and assets
- Monthly statement(s) or information for all mortgages and liens against the property including:
Mortgage/lien holder company name
Account number
Balance and monthly payment
- Your Contact information

- Hardship Letter explaining your circumstances
- Last two years of income tax returns
- Last two months bank statements
- Last two paycheck stubs

- A broker's explanation of the property's current value

- A letter authorizing your broker or agent to negotiate with the lender and/or the servicer about your loan.

If you do not have any of the items listed above, a written statement explaining why you don't have them may be acceptable.

The MOST IMPORTANT ITEM is AN EXPERIENCED BROKER!

Happy Listing and Selling real estate!