For those of you doing "Short Sales" in your marketplace...Here is a Checklist of documents to send in to the lenders!
I"m sure everybody knows this by now....a quick refresher should do!
□ Authorization to Release Information for all loans signed by borrowers
□ All letters you have received from the lenders pertaining to foreclosure
□ A copy of the Notice of Default
□ The Hardship letter detailing your situation on why you are unable to pay the loan (please see sample attached in package)
□ Financial Statement (attached) - completed and signed by all borrowers
□ 2 most recent mortgage statements for all loans
□ 2 most recent bank statements for all borrowers
□ 2 most recent pay stubs (if employed) for all borrowers
□ Copies of Termination Letter, SSC Award Letter, Retirement Income, etc.
□ 2 Years of Tax Returns including W2's, 1099's, and all schedules for all borrowers
□ Photos of the property
Prestige Real Estate Services
http:www.Prestige-RES.com
sara@prestige-res.com
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