Short Sales
This offers useful tips on short sales: Dear Homeowner, For each short sale, there will be required paperwork that must be obtained from the Seller. We need to obtain this information as soon as possible. This will make your transaction run a lot smoother. See below the list of required short sale documents: o Listing Agreement with price included and comps to justify listing price. o Purchase Offer/Contract o Buyers Pre-Qualification Letter o Authorization to release information ~ This document gives permission to the agent to speak on the sellers behalf and to obtain information. o Financial form ~ List of itemized assets and liabilities. o Two year’s most recent tax returns. o Two months most recent paycheck stubs. o Two months most recent bank statements. o Hardship Letter explaining why the borrower fell behind/ can not afford to sell/ which documents may be missing from the package o Completed Hud1 or Seller’s Net Sheet ~ (Utilize your favorite title company o provide preliminary...