Short Sales - Requirements

The Home Owner Qualifies for a Short Sale with a Short Sale Package.

Here are the required items for a Short Sale

  1. 2 years Tax Returns ( Signed )
  2. 2 Most recent pay check stubs with YTD
  3. Financial Statement
  4. 2 Months Bank statements with bank logo
  5. Hardship Letter

 

* A hardship letter is a pitty letter to the lender. This is not a noval.... the letter needs to tell their story to the lender. It needs to be more than " I lost my job " It needs to tell how it has affected the family.

* No Tax returns: Blank paper write Tax returns as the top and explain why they don't have a tax return

* No pay stubs: Blank paper write Pay Stubs on to and explain why they dont have any.. like.. They lost their job. If they have Unemployment or Social Security, get a copy of this to turn in.

* No income, Social Security ect. Find out who is making their payment the payment for groceries, utilities ect.

* No banks statements because the took all money out and closed the account because they were trying to stay afloat.

This is a list of items needed to do a short sale  * Other items could be added to the list from your lender

Think Clarksville * Think Fort Campbell * Think Real Estate * Think Roland

Roland Woodworth "Innovative Marketing Using Cuttin Edge Technology"

Licensed in both Tennessee & Kentucky. Please don't keep me a secret, if you know anyone looking to BUY or SELL, Please send me an e-mail and give them my name and number.

View my website at Clarksville Home Information or Fort Campbell Housing

 

2 Comments on Short Sales - Requirements

JUL
10
Localism Sponsor

Thank! It is a great post simple and cleared.

Grace Keng, Northern Calfiornia realtor, www.gracekeng.com

7:41pm • #1
JUL
11
378,337 Points 3 Featured Posts Outside Blog

Grace... Thanks... I was ment to be simple so anyone could understand it :)

12:13am • #2

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Roland Woodworth "Clarksville-Fort Campbell Area Realtor"

Clarksville, TN

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Exit Realty Clarksville

Address: 1289 Northfield Dr , Ste 3, Clarksville, TN, 37040

Office Phone: (931) 647-9900

Cell Phone: (931) 320-9411

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