Short Sale Documents from seller
This is a list of documents the lenders typically request from the seller along with any lender documents for a short sale package:
* Hardship letter - This should be handwritten by the seller if possible explaining their situation and requesting the lender to do a short sale.
* Tax returns + W2 - Federal only ( most recent 2 years ).
* 2 most recent bank statements & 401K & IRA accounts
* 2 most recent pay stubs
* Documentation supporting your hardship if the sellers have any, termination letter, disability letter, doctors bills, etc.,
Remember:
* That list can vary from lender to lender, but this is a general, this is a must!!!
* Always Prepare a complete Short Sale Package,
* Never send an incomplete short sale request, they can ignored it or throw it away if that is the case.
* Here in Colorado takes between from 30 to 60 days for a short sale acceptance or approval.
* Always call them once daily, but just once, do not bother them.
* Lenders daily have Short Sales requests around 300 to 400 daily, so you can imagine how busy they are, at least these days on this market
So do not expect that they will call you soon or to give you a follow up next day or daily.
After that, have fun and learn about every lender.
if you missed:
The Don't of a short sale Click Here
The Do's of a Short Sale Click Here
Aurora Colorado Real Estate Homes for sale in Colorado Spanish Speaking Real Estate Agent Realtor










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