What will Your Lender Need if you decide to Short Sale

• Hardship Letter (Signed and Dated by Borrower) Sample Letter Format provided

• Copies of last pay stub for each borrower. Also provide proof of additional income such as Social Security, pension, disability, child support, alimony or rental income (Include copy of leaseagreement or written statement from your tenant verifying amount of rental income.)

• If you are Self-Employed, provide a copy of your year-to-date profit and loss statement.

• Complete the Financial Form (form provide by your bank or lender)

• Copy of your last bank statement(s) for all accounts including 401K and IRA’s

• Statement identifying any liens or judgments on the property

• Copy of Last Year’s Tax Return


Need to Short Sale? CALL ME!!! (916) 230-9087

Email: chris@theplumbteam.com

Website: http://www.theplumbteam.com

What is a Short Sale?

A short sale is an approved “discounted loan payoff”.

Simply put: Through your negotiations, you get the bank to accept less than what is owed as payment on a property, “a discounted payoff”.


Example of a Short Sale:

The market price of house is : $125,000 (There is no equity in the house)

Loan payoff of the house is : $125,000

Marketing fees to sell the house: $7,500

Repairs needed to sell house : $15,000

The house will not sell at $147,500



Who is involved in A Short Sales?

Homeowner - wanting to get out of foreclosure

Lender – who wants to get bad debt off its books

Buyer – who wants a property to fix-up with equity.


WIN / WIN / WIN – for all three

STOP Foreclosure

Are you worried you will foreclose on your home?

I can help you! I am a Foreclosure Prevention Specialist & Realtor.

You may be eligible to have your current mortgage balance reduced, payment restructured, lower interest rate, loan consolidation, or the ability to Short Sale your property.

Definition - Short Sale: your bank or lender is willing to sell your home for less then you owe.

I would love to visit with you and see if you are eligible for a loan restructure so you can stay in your home. If you are not, I can list your home with Keller Williams Realty. Keller Williams Realty in 2007 was the ONLY Real Estate Firm to grow in 2007. We specialize in the best customer service.

I look forward to helping you soon!

Email: chris@theplumbteam.com

Website: http://www.theplumbteam.com/

Phone (Direct): 916-230-9087

I look forward to helping you soon!

If you have received a Notice of Default from your lender or bank, you only have 3 months and 3 weeks before they can foreclose on your home.

CALL or EMAIL Today so I can help you NOW before it is too late!