Short Sale Package | Standard Items Needed

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Real Estate Agent with RE/MAX Town & Country Licensed in 2002

Short Sale Package |Working with a Mortgage Company | Standard Items Needed!

  • Cover Sheet/Letter
  • Authorization to Release Form
  • Hardship Letter (supporting documents needed; i.e. divorce decree, bankruptcy, etc)
  • Purchase Contract Signed by the buyer/seller, Addendums, Disclosure
  • Good Faith Estimate or HUD-1 (must match the Purchase & Sale Agreement)
  • Buyers Loan Approval Letter or Funds to Close Letter
  • Copy of Buyer's Earnest Money
  • Seller's Pay Check Stubs (last 2-3 months)
  • Seller's W2's and Tax Returns (all pages) from the last 2 years
  • Seller's Bank Statements (2 to 4 months back), 401K and Savings Acct Statements.
  • Broker Listing Agreement, Addendums and Disclosures
  • MLS Sheet
  • Aggressive Marketing Plan
  • MLS Sheets from previous listings
  • BPO (Broker Price Opinion), YPO (Your Price Opinion), or some Lenders will accept a detailed CMA.
  • Payoff Statements from all loans/lien holders.  Must reflect a "Good Through" date and any prepayment penalties.

Be sure to read the following blog before creating your hardship letter!
 Hardship Letter | Imperative for Negotiating a Short Sale

 *If there is more than one lender, you must submit package and negotiate with both institutions.

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Michelle Miller

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