<![CDATA[San Diego Short Sale and Foreclosed Homes - The Short Sale Package]]>Sun, 25 Sep 2011 22:38:20 -0800Weebly<![CDATA[The Short Sale Package]]>Tue, 13 Oct 2009 12:53:35 -0800http://www.sandiegorealestate360.com/105/post/2009/10/first-post.htmlAll of the documentation needed to start a short sale is commonly called a "Short Sale Package" and is usually submitted by the investor interested in the property, the agent representing the seller, or the seller of the property. The package usually includes the following items:

Sample Short Sale Package (items may vary depending upon the lender):
  • Cover Letter
  • Authorization to Release Information
  • Sellers Hardship Letter
  • Seller's Financial information
  • 2 years w2's
  • 2 months pay stubs
  • 2 months bank statements
  • Supporting Hardship Info - HOA liens, medical/disability statements etc.
  • Repair Estimate for the property
  • Comparable sales for the property
  • Contract
  • Net Sheet
  • First mortgage holder may ask for a payoff amount from the 2nd
  • Second mortgage holder may ask for a payoff amount from the 1st
  • Lender may ask for an Initial Title Report
  • FHA and VA may have their own forms and special requirements as well

    Have A Question? Ask A CDPE!

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