Short Sale Documentation

The first part of the short sale package is completing a financial overview. If you have pulled together some of the documents you need prior to your first meeting with a Short Sale Specialist it can help expedite the process. Some forms Like the Personal and Financial Statements can be specific to the bank or whomever is handling the short sale for you.

Authorization to Release Information

Copy of Last 2 Years Tax Return (Include all shedules)

Last 2 Months Checking, Savings and Investment Accounts (all pages)

2 Most Recent Paycheck Stubs

A Handwritten Hardship Letter Explaining Your Current Hardship

Most Recent Mortgage Statement or Statements

All Recent Correspondence from your Mortgage/Lien Holders

A List of all other Liens on your Home- including tax liens, condo liens,municipal liens, etc.....

Personal and Financial Statement

Bankruptcy Petition or Discharge if applicable

Once your home is listed for sale it is important to keep document handy that you may need to update periodically, such as paycheck stubs, account statements and so on. Rather than scrambling for them at the last minute it is important to keep them handy throughout the short sale process.

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Is the short sale process right for me?

This post was provided by Kevin Vitali of EXIT Group One Real Estate In Tewksbury MA. You can contact Kevin by email at kevin@kevinvitali.com or call 978-360-0422.

I pride myself in the quality of my work while helpingbuyers and sellers make dreams come true.

Real Estate Services in the northeast Massachusetts, around the Merrimack Valley, Southern New Hampshire including the towns of Andover, Billerica, Boxford, Chelmsford, Dracut, Georgetown, Groveland, Haverhill, Lawrence, Lowell, Merrimac, North Andover, Newbury, Newburyport, North Reading, Rowley, Tewksbury, Tyngsboro, Westford, Wilmington, West Newbury