What Do I Need to Include in my Short Sale Financial Package?

What Do I Need to Include in my Short Sale Financial Package?

Sellers who are trying to do a short sale will need to submit a financial package to their bank. Each bank has their own guidelines but here’s a good idea of the information they will request:
-Letter of Authorization (so your agent can speak to the bank on your behalf)-HUD-1 or Preliminary Net Sheet-Completed Financial Statement-Seller’s Hardship Letter-Tax Returns for the Last 2 Years-W-2′s for the Last 2 Years-Recent Payroll Stubs-Bank Statements for the Last 2 Months-Comparative Market Analysis or List of Recent Comparable Sales
Contact Torelli Realty for more information about short sales.