HELP WITH SHORT SALE PACKET

Letter of Authorization (for the Realtor® to represent on our Behalf)

Hardship Letter:  Bank will want to know why you can no longer afford to make your monthly payment; just because your house is worth less from drop in market will not be sufficient.

Tax Returns (Last 2 Years)

Bank Statements (Last 2 Months)

Pay Stub (Last 4 Paychecks)

Monthly Expense Sheet ( Financial worksheet )

Proof of Income & Asset Statement: Including, IRA, Life Insurance, stocks and Bonds, savings accounts and other home equity lines

CMA (Houses Sold from the past 6 months) Your Realtor® will be able to provide

Listing Agreement ( Agreement between you and Brokerage to sell your home )

Offer/Counter-offer (if applicable)

Estimated Net sheet (HUD-1) - the sellers Title company will prepare this so the bank will know exactly what they will receive from a short sale net of costs

Pictures of the Repairs

Estimate of Repairs

Again this is the basic that will get you started in your quest for a sucessful Short Sale
approval from Sellers lender.