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Rosa Daza's Blog

By Rosa Daza | Agent in Fairfield, NJ
  • Short Sale Package Check List

    Posted Under: How To...  |  October 12, 2008 1:38 PM  |  3,434 views  |  3 comments

    Many people don't have a check list for their Short Sale Package.  Here I would like to share with you the check list for a Short Sale Package for the lender.  Anyone feels that I left an item out, please let me know.  So, we can continue to help other people.

    If anyone have any questions or need help in short sales in NJ area, please feel free to email me at rosadaza22@aol.com


    Letter of Authorization (for the Realtor to represent on our Behalf)

    Hardship Letter:
      Bank will want to know why you can no longer afford to make your monthly payment; just because your house is worth less from drop in market will not be sufficient.


    Tax Returns
    (Last 2 Years)


    Bank Statements
    (Last 3 Months)


    Pay Stub
    (Last 4 Paychecks)


    Monthly Expense Sheet


    Proof of Income & Asset Statement:
    Including, IRA, Life Insurance, stocks and Bonds, savings accounts and other home equity lines


    CMA
    (Houses Sold from the past 6 months)


    Listing Agreement


    Offer/Counter-offer
    (if applicable)


    Estimated Net sheet
    (HUD-1) – the seller’s attorney will prepare this so the bank will know exactly what they will receive from a short sale net of costs


    Pictures of the Repairs


    Estimate of Repairs

 
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