When requesting to your lender to accept a short sale on your property, there are 3 categories of items that you will need to get put together. Financial information, hardship information and property information.

Lets start with what you will need on the financial list

Financial Information

  • Three most recent bank statements for all checking and savings accounts
  • W2s for the past 2 years
  • Income tax returns from the past 2 years
  • Past three paycheck stubs
  • And copies of all bills within the past 2 months from all borrowers

Hardship Information

  • Hardship letter that describes why the homeowner was unable to make payments
  • Documentation that proves the hardship

Property Information

  • Information about other liens on home if any
  • Comparative Market Analysis that recent
  • HUD statement
  • Estimates for necessary repairs
  • Property tax bill and proof of payment status
  • Proof of homeowners insurance coverage

Please feel free to give me a call or visit my website with questions at www.joshmcknight.com

Joshua McKnight
Keller Williams Real Estate
Cell 267-275-5774
Office 215-657-8100