Having to sell your home short? Check out Short Sale Tips

Managing Real Estate Broker with First Choice Reatly, LLC 20017

Short Sale Tips

(Requirements may vary depending on the lender)

•·    Cover Letter - prepared by Real Estate Professional

•·    Authorization to Release Information - signed by Borrower

•·    Seller's Hardship Letter - prepared by Seller

•·    Seller's Financial Statement - Form 1126 Borrower's Financial Information   http://www.freddiemac.com/sell/forms/pdf/1126.pdf

•·    2 Years W2 Forms - provided by Seller

•·    2 Month's Pay Stubs - provided by Seller

•·    2 Month's Bank Statements - provided by Seller

•·    Supporting Hardship Information - provided by Seller
(HOA liens, medical/disability statements, prior income proof, prior tax returns, etc.)

•·    Repair Estimate for the property if needed - prepared by Real Estate Professional

•·    Comparable Sales - prepared by Real Estate Professional

•·    Listing or Purchase Contract - provided by Real Estate Professional

•·    Net Sheet - prepared by Escrow Closer with Pre-title & Escrow setup.

•·    Payoff amounts from additional mortgages - provided by Seller

•·    Preliminary Title Report - obtained from Title within 24 hours. (please specify short sale)

•·    Lender Specific Forms - contact Lender for additional forms they require.

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