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