ITEMS REQUIRED FOR A SHORT SALE:
1. Hardship letter explaining while you are in financial hardship the justifies the sale
2. Two years of tax returns (must be signed)
3. W-2s
4. Paystubs dated within the last 30 days
5. 2 months recent bank statements
6. Financial statement (profit/loss) that shows your all your household income and expenses
7. 4506-T (Request for Tax Return)
8. Copies of your Mortgage Statement(s)
9. Authorization Letter permitting your Realtor/Negotiator to talk with the bank on your behalf to negotiate the sale (1 for each bank).
10. HAFA – Dodd-Frank Certification
11. HAFA – RMA (Request for Modification) Form
12. HAFA – Utility Bill
13. Listing contract
14. Purchase Contract
15. Estimated Closing Statement (HUD-1) from Escrow based on the Purchase Contract price (agent to provide)
These are the basic items needed to initiate a short sale with Banks today.
For a 24 Hours FREE Recorded Message about Short Sales Call: 800-573-1520 x 201
Aaron Zapata, MBA
Prudential CA Realty
