If you are considering a short sale or loan modification to prevent foreclosure in Shakopee, MN, here is some basic information you should know:
Required Documentation
-Financial Worksheet
-Two Months Bank Statements (Checking, Savings, Other)
-Last Two Pay Stubs
-Two Years Tax Returns
-Hardship Letter
-Other
First, contact a qualified expert in the short sale/loan modification field in Shakopee, MN to help you with the process. This person is a vital asset to your financial and home ownership future and will work with you to navigate through the process of a short sale or loan modification on your Shakopee home.
In the next step we will contact your lender together, and work through their home ownership retention or foreclosure prevention departments, in order to secure your loan modification or short sale. We will be sending them the general required documentation, along with any other information they request.
Our goal will be to lower your mortgage payment if you want to remain in your home, or do a short sale if you need to sell your home. In order to do a mortgage modification or short sale, you will probably need to prove a hardship to your lender.
Acceptable Hardships
-Unemployment
-Reduced Income
-Divorce
-Separation
-Medical Bills
-Too Much Debt
-Death of a Spouse or Family Member
-Payment Increase
-Business Failure
-Job Relocation
-Illness
-Damage to Property
-Military Service
-Incarceration
As a licensed Realtor since 2003, I have built my business on making customer satisfaction my #1 goal. As a Certified Distressed Property Expert, I have the knowledge and understanding of the short sale process and working with your mortgage company to allow you to sell your home quickly. Contact me today to get started.
Here are some links to the larger financial institutions help departments:
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