Organizing a short
sale package will vary from lender to lender. However, most
will request the following:
- Hardship
Letter (Sample
Text)
- Financial Statement
showing proof
of income & expenses
- Recent
checking, savings and investment statements from all
borrowers (2 months statements)
- A Real
Estate Listing agreement for the property
(Click here to contact a Short Sale
Specialist)
- Signed
Sales Contract/Purchase Agreement
- Estimated
Settlement Statement (HUD-1) provided by Real Estate
Agent after you have an accepted offer.
- Proof
of buyer's financing (Mortgage Statements)
- Borrower's
Authorization (to
allow your real estate agent to speak to your lender
on your behalf)
- *2
months most recent pay stubs
- *2007/2008
tax returns
- *HOA/Insurance
Statement