A short sale is a workout program that allows a borrower to sell the property, even if the proceeds are less than the loan payoff, due to low property value.  When lenders agree to do a  short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify for short sales.

• Property Address
• Loan Reference Number
• Your Name
• The Date
• My  Name & Contact Information

For an example form, please contact me. I’ll email you a blank form that you can fill out with the required information. Once you have completed the form, please fax or email this form back immediately.

From the Homeowner

• Signed and dated financial worksheet listing all monthly expenses.
• Signed and dated hardship letter. (Why they are unable to pay the mortgage.)
• Letter Authorizing the Realtor access to information on the account. It must be dated and include the last 4 digits of the borrower’s Social Security Number, their signature, the full account number and the property address.

Provided by the Realtor

• Fully executed listing agreement.
• Net Sheet/HUD
• Fully executed purchase contract with all pages initialed by buyer(s) and seller(s).
• Buyer pre-qualification letter or proof of funds if cash offer.