Friday, September 3rd, 2010

Short Sale Paperwork

The following documents are required to begin a Short Sale application.

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.