Thursday, June 19, 2008

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

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