Short Sale - Requirements

By
Real Estate Agent with Q Realty TN 00273649 * KY 57120

Short Sales - Requirements

If you are getting letters and calls from your Mortgage Comany and you feel like you are without any hope and fear of loosing your home to Foreclosure, please take a few minutes to contact Roland Woodworth of Exit Realty Clarksville to discuss your options that could be available to you.

The Home Owner Qualifies for a Short Sale with a Short Sale Package.

Here are the required items for a Short Sale

  1. 2 years Tax Returns ( Signed )
  2. 2 Most recent pay check stubs with YTD
  3. Financial Statement
  4. 2 Months Bank statements with bank logo
  5. Hardship Letter

 

* A hardship letter is a pitty letter to the lender. This is not a noval.... the letter needs to tell their story to the lender. It needs to be more than " I lost my job " It needs to tell how it has affected the family.

* No Tax returns: Blank paper write Tax returns as the top and explain why they don't have a tax return

* No pay stubs: Blank paper write Pay Stubs on to and explain why they dont have any.. like.. They lost their job. If they have Unemployment or Social Security, get a copy of this to turn in.

* No income, Social Security ect. Find out who is making their payment the payment for groceries, utilities ect.

* No banks statements because the took all money out and closed the account because they were trying to stay afloat.

Looking to Avoid Foreclosure ?

Would a Short Sale prevent a Foreclosure ?

Call Roland Woodworth of Exit Realty Clarksville to discuss your options today.

RolandWoodworth@TopProducer.com   www.ClarksvilleHomeInformantion.com

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Think Clarksville * Think Fort Campbell * Think Real Estate * Think Roland

Roland Woodworth

Licensed in both Tennessee & Kentucky. Please don't keep me a secret, if you know anyone looking to BUY or SELL, Please send me their contact informtion and give them my name and number.

View my website at Clarksville Home Information or Fort Campbell Housing

 Roland Woodworth is a member of NAR's Short Sales & Foreclosure Resource

 

Roland Woodworth, REALTOR ® Q Realty

Call: 931-320-9411

E-Fax: 866-596-2172

  

Clarksville TN Homes For Sale, Clarksville TN - Roland Woodworth, REALTOR

I specialize in helping families relocate to and from the Clarksville, TN and Oak Grove, KY - Fort Campbell, KY and the surrounding areas. I have the tools to market your Home For Sale including New Construction, Short Sales, Foreclosures, Distressed Properties. I'm a US Army Verteran still serving the Clarksville, TN amd Ft Campbell, KY area. Looking to sell your home,give me a call at 931-320-9411

TN Lic # 273649  -  KY Lic # 57120

Q Realty

1812 Memorial Circle. Clarksville, TN 37043

Each Office is Independently Owned & Operated

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Rainmaker
180,028
Tara Camp
Keller Williams Western Realty - Bellingham, WA

Hi Roland,

I just realized my post is the same as yours! oops!  I always ask for one extra of what the bank initially says...i.e tax returns, w2's, paystubs....just b/c they never seem satisfied.

Thanks!

Jul 31, 2008 05:05 PM #1
Ambassador
627,762
Roland Woodworth
Q Realty - Clarksville, TN
Q Realty - Power In Real Estate

Tara: No worries... Must be a good list.. :)

Jul 31, 2008 05:09 PM #2
Rainer
18,115
Dave Peeples
Century 21 First Realty - Tallahassee, FL

Sylvia,

Do you spam all posts, or just the ones that I read?

 

Sep 29, 2008 09:47 AM #3
Rainer
2,203
Jack Burns
Real Estate Now - Bellevue, WA

Check out www.ShortSaleNation.ORG. It's a FREE online short sale, self service tool for agents and their clients. You don't need to interact with anyone and you are in total control of your short sale.

Mar 13, 2009 05:59 AM #4
Rainer
148,609
Mike Linkenauger
LinkUp Realty - Jacksonville, FL
Short Sale Realtor - Jacksonville FL

We have also put together a site dedicated to providing all of the required documents and information required by lenders for short sales.  www.short-sale-specialists.com/client_services.shtml We've also put together a nationwide network of agents who specialize in them.  Excellent article.  Very true, its pretty universal what the lenders are requiring

Apr 04, 2009 04:36 PM #5
Anonymous
Sisto Ferri

Is it mandatory that we stay in our home while the Short Sale is being listed ?

Jul 08, 2010 05:13 AM #6
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627,762
Roland Woodworth
Q Realty - Clarksville, TN
Q Realty - Power In Real Estate

Sisto...  I have a few that the owners were transfered and are not owner occupied. Of course, it can't be rented either

Jul 08, 2010 05:27 AM #7
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