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Listing Your Home for Short Sale, Part 3: Collecting Your Financial Information
Listing your home for short sale is not as complicated as you may think.  This is Part 3 of a Series on Listing Your Home for Short Sale.  If you missed the prior posts in the series, please click the links below to make sure you aren't missing important steps.
Listing Your Home for Short Sale, Part 1:  Do You Qualify?
Listing Your Home for Short Sale, Part 2:  Choosing Your Listing Agent
Once you've qualified that your mortgage holder is willing to do a short sale, and hired your listing agent, it is time to gather financial information.  This is just like what you went through when you first applied for the mortgage, so I hope your files are organized and easy to find.  If not, get ready to explore.
All mortgage holders requirements are different, but they all stem from the basics below:
Two Years of Tax Returns Two Years of W2's Proof of Income for the Last Two Months (paystubs) Two Month of Bank Statements Monthly Income/Expense Sheet (household budget) Some mortgage holders requirements will not be so extensive.  For instance, somemay only require a signed and dated budget and one month of paystubs.  It is my experience that you can never ... more

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