Short Sales Quick Checklist Definitions

Short Sale Most Important Parts. 

• Short Sale Authorization document for your Realtor® to communicate with your bank on your behalf
• BPO's are the benchmark that sets the price of your home.
  
  • Copy of an approved HUD 1 showing the bank their net after paying all closing costs.
  • Personal Financial Statement Form, very important to prove to the bank on your hardship
  • The Hardship Letter, simple,  one page and to the point.
  • Getting the MI company and understanding the role they play
  • Who pays the commissions to your Realtor. . the bank, that's who!
  • Home Owners Associations do foreclose and they need attention.
  • Short Sale Addendum (to protect your Realtor and the broker)
  • FHA New Short Sale Requirements if you have an FHA loan.
  • Banks do not really care but their bottom line. . . .the net

They will approve a short sale  based on the current value of the property and not how much you owe them.

Fact:

In a short sale you sell your home. . in a foreclosure you lose it!

www.Short-Sales-Expert.com

Click on my eBook about Short Sales.. .you will have a clearer vision when you are contemplating a short sale as an option.

 

Why Should You Call Us If You Are Short Selling Your Home?

Fernando Herboso is a Certified Distressed Property Expert 


and a Gold Member Certified Default Resolution Specialist^TM with (CDRS)


You can reach me (Fernando Herboso) by calling him directly@  240-426-5754 
or email : Fernando@Herboso.com

We can serve you in Maryland, DC or Virginia

Question:

How Much A Short Sale Cost Me After All?

Short Sales Maryland