This is a list of documents the lenders typically request from the seller along with any lender documents for a short sale package:

From Realtor:

• . Letter of Authorization (signed by seller)
• . Letter of facts about the property
• . Market analysis
• . Photo's (not the glamour shots)
• . Copy of all showings with dates and feedback
• . Copy of Listing Contract
• . Copy of Purchase Contract (if applicable)
• . Review letter of hardship
• . Send to Loss Mitigation Department

From Seller:

• . Two years tax returns with W'2s
• . Three months bank statements
• . Current monthly budget
• . All mortgages Bills with account numbers
• . Any pending bankruptcy
• . Last 30 days pay stubs (if applicable)
• . Hardship letter (make them cry) this should be handwritten by the seller if possible explaining their situation and requesting the lender to do a short sale.
  * Documentation supporting your hardship if the sellers have any, termination letter, disability letter, doctors bills, etc.,

Remember:
* This list can vary from lender to lender, but this is a general, this is a must!!!

Here to Contact us