What To Include In A Short Sale Package
Here's a quick checklist from our system of the items you should provide when submitting a short sale to the lender.
|Letter To The Lender - Overview Of Offer|
|Short Sale Offer and Explanation|
|Repair Cost Estimate|
|Short Sale Hardship Letter|
|Borrower's Financial Statement|
|Proof of Borrowers Income (pay stubs)|
|Checking and Savings Account Statements|
|Purchase and Sales Agreement|
|HUD 1 Settlement Statement|
Power Of Attorney
|Proof Of Buyer Funds Letter (optional)|
Submitting all of the items at one time is recommended. Be prepared to fax the information multiple times to multiple fax numbers of the lender because it is very common for lenders to be 'unable to find' your short sale package or request.
Tip: Keep a log of the fax number and time you send each fax. Many lenders have digital fax logs and can 'magically' find your fax when you ask them to check their fax logs and give them the fax number, date, and time of the fax.