I have 3 listings that are "short sales" Short sales are like a regular sales, as long as you have all the paperwork done ahead of time, you can close short sale in 2 to 3 weeks. If the account is open with the lenders, the transaction go smoothly and fast. Here's what i need for a short sale packet.
1.authorization letter from the sellers 2.financial worksheet 3. 3 months bank statement 4.lasts 2 pay stubs 5. 2 years tax return, 6.hardship letter 7. listings agreements 8. low comps or BPO 9. offer or net sheet. If this requirment are all available and submitted into the lender, then rest assured the transaction will go fast. Anymore questions, please email me @ mgaire@interorealestate.com or call me @ 408-807-7330. - Tue Jul 22 2008, 13:41
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