New Checklist of Items Needed for a Short Sale (FREE Recorded Message 800-573-1520 x 201) by Aaron Zapata Short Sale Specialist

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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

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