Articles & How To
Start Here:
 
Understanding Short Sales:
Short Sale Definition
What Is A Deficiency Judgment
   
Working With Sellers:
Seller Basics
What To Get From The Seller
   
The Short Sale Package
 
Short Sale Negotiations:
 
Closing The Short Sale:

BBB

Borrower's Financial Statement

Lenders require a Financial Statement be submitted with short sale packages to show the borrower is financially unable to pay on the loan. Always ask the seller to complete the financial statement to the best of their ability.

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Financial Statement Page 1Borrower Financial Statement Page 2

The worse the financial statement looks the better when it comes to submitting short sale packages. However, you never want to misrepresent anything to the lender. Doing so could constitute mortgage fraud which is a felony.

By using our system you can prepare everything you need for the seller in under 5 minutes. Best of all our system is designed where you do not even have to meet the seller or view the property until you are close to having an accepted short sale with the lender.

 

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Making money in real estate with short sales and foreclosures.  How to do short home sales, articles and information and our short sales boot camp.