The Short Sale Package
All of the documentation needed to start a short sale is commonly called a "Short Sale Package". The package usually includes the following items:
This is a Sample Short Sale Package (items may vary depending upon the lender):
- Authorization to Release Information – Allows us to communicate on your behalf with the bank, but is NOT a power of attorney
- Sellers Hardship Letter – VERY IMPORTANT
- Seller’s Financial information – We will provide you with the form
- 1 month pay stubs – If married, both spouses
- 2 months bank statements
- Supporting Hardship Info – HOA liens, medical/disability statements etc.
- First mortgage account number
Second mortgage account number if applicable
Not as much as you would think. Remember, we will guide you through EVERY step of the way.