This is what you commonly need to do a short sale. I send my clients this list before we meet so they are able to get everything together. This also lets me gage how motivated they are. Feel free to use this for your Short Sales.
Mike
Dear Homeowner,
In order to keep your home-selling process running as smoothly as possible, please provide the following items:
1. Fully completed Financial Disclosure Forms (attached 2-page worksheet).
2. Write a 1-page letter explaining how you got in this position.
3. Last 2 month recent pay stubs.
4. Copies of most recent 2 months Personal Checking Account Statements for each borrower on the loan.
5. Copy of signed last 2 years Personal Tax Returns.
6. Last mortgage statement(s), one for each loan you have.
Please understand, this information is critical to keeping the short sales process on track. A quick response is to your benefit, and will save many headaches and last minute delays from happening.
Need more information, call me !
Mike Sher,
Office: (248) 644-4700x242 Fax :(248) 499-1020 Bloomfield Hills, MI 48302 E-mail: mike@mikerealtor.com
CDPE (Certified Distress Property Expert)
MCAR, Short Sale Trainer
Max Brook and Real Estate One Short Sale Specialist.
The Mike Realtor Team Blog - Metro Detroit/Oakland County
Servicing in Southeast Oakland County, Auburn Hills, Birmingham, Bloomfield, Berkley, Beverly Hills, Canton, Clawson, Farmington Hills, Ferndale, Huntington Woods, Northville, Novi, Pleasant Ridge, Plymouth, Royal Oak, Rochester Hills, West Bloomfield, Troy, etc. We worked with: Bank of America, Country Wide, HSBC, EverHome, Litton, GMAC, Chase, Wells Fargo, Flagstar, Fifth Third, Charter One, Comerica, Am Trust, US Bank, National City
But, We Can Help!
This is a competitive real estate market. If you have to sell and can not, perhaps it is time to look at a Short Sale. The Mike Realtor Team has performed dozens of Short Sales for professionals who have lost their job, income has declined, medical problems, relocation, retirement, divorce, loss of spouse, unable to make ends meet, or other reasons not listed.
This is a good list.I like the idea of sending it to sellers in advance.
The short sale process is complicated. Thank you for the helpful tips on navigating the steps.