» Short Sale Package : 2012 Answer if you can..

Short Sale Package

4What is Short Sale Package?
A Short Sale Package happen when the net go forward from the sale of a home are not sufficiency to cover the sellers’ mortgage responsibility and closing costs, such as possession taxes, transfer taxes, and the real estate practitioner’s commission. The seller is temperament or incapable to cover the variation. All of the documentation required to start a short sale is usually called a “Short Sale Package” and is generally submitted by the investor concerned in the property, the agent symbolize the seller

The Short Sale Package generally includes the following items:
Cover Letter
Authorization to Release Information
2 months bank statements
Comparable sales for the property
Contract
Net Sheet
Sellers Hardship Letter
Seller’s Financial information
2 years w2’s
2 months pay stubs
Supporting Hardship Info – HOA liens, medical/disability statements etc.
Repair Estimate for the property

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