Consultant with a Laywer and CPA (certified Public Accountant). Hire a Realtor with short-sale experience; preferable one who has taken course(s) for such process; example SFR (Short Sales and foreclosure)certification from National Association of Realtors. The more education the better the representation.
- Short-Sale cover letter
- A signed short-sale payoff application, if available
- Borrower’s/Seller’s Hardship Letter; be detailed and direct.
- Borrower’s/Seller’s financial information
- All supporting documentation for hardship & Financial explanations
- If repairs needed to the property submit an estimate, if applicable
- CMA (Comparable Market Analysis) and sales history (Realtor)
- Marketing history, showing and feedback (Realtor)
- Proof of Buyer’s ability to purchase property (Realtor)
- Copy of certified escrow instructions (Escrow Officer)
- HUD-1 (Escrow Officer)
- Preliminary title report (Escrow Officer)
Please remember, if multiple loans you will need to repeat this process of each lien holder.
Please feel free to contact Linda or Hector, Broker for any other questions you may have. linda.castellanos@att.net
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