Sellers – Get organized right away!
The key to a successful short sale is having all your ducks in a row and paperwork gathered…
The following items are required before I can negotiate on your behalf:
- 2 years tax returns
- 2 months bank statements (checking and savings)
- Last 2 paystubs for borrower and co-borrower
- 2 months mortgage statements (for each loan)
- Any other investment account statements
- Hardship Letter
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Financial Worksheet
Check back next week for Part 2, where I will go over my financial worksheet.... and stay tuned! In the following weeks I will also discuss :
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How to write your hardship letter and what to include
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What kind of offers your bank will accept
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Government Programs to look in to
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Bank of America procedures
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Chase procedures
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Wells Fargo procedures
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Items included your short sale packet
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What an approval letter looks like
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Dealing with 2nd lien holders
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Deficiency judgments
If you can’t wait for the answer – contact me! I am always happy to discuss your situation… all calls are confidential.
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