Home Owners thinking of a Short sale in Bucks Montgomery Counties should read this post.

There may be many reasons that you may feel you have to sell your home even though you may lose money. There are programs by Fannie Mae, HUD etc that might help you.

You should get legal advice , try to get a loan modification and call housing Counselors and see how they can help. This post is not to be considered as legal advice. An attorney can help you and guide you.

I hope this post will make it easy to be organized when you talk to HUD counselors.

Go to www.hud.gov for information .

After considering your options if you decide you have to sell your home here are some things that you might need :

Statements from bank for checking and savings accounts of all borrowers (3 months)

2 years W 2's for all borrowers

Tax return for last two years.

IRS form 4506

Paycheck stubs for all borrowers

A recent credit report

If you are self emplyed , provide P and L statement

If you have been laid off from work, copy of termination letter.

If you have any unexpected hardship that caused problems you should write a letter explaining it and show proof eg medical bills, etc

Prepare a monthly budget and statement showing all your recurring debts, expenses like utilities, insurance, groceries

If you would like a free market analysis of your home call Gita Bantwal at ReMax Centre Realtors 2153438200x124

Be careful before you sign anything that a stranger asks you to sign.There are many scams out there and there are people trying to take unfair advantage of others.