We are working together to complete a pre-foreclosure “short sale” on your listing. This is a negotiated work out program where the seller’s lender considers a formal proposal from us and agrees to accept less than the full amount owed by the seller on the property.
In order for the lender to consider a short sale proposal, they require the following items of information from your seller. To negotiate a reduced payoff on your sellers mortgage, we must provide the following information to the lender.
It is critical for our mutual success that we receive this information in a timely manner. We cannot begin our process until we have received this information.
____ Completed authorization to release information for each lender (signed)
____ Handwritten hardship letter describing what caused your situation (signed)
____ Copies of the first two pages of federal 1040 tax returns for the last two years
____ Completed sellers financial statement sheet
____ Copies of the two most recent pay stubs
____ Copies of the two most recent bank statements
____ Copy of the listing agreement
____ Copies of the last available mortgage statement (s)
____ Name and phone number of the insurance agent
SHERIFF’S SALE DATE: _________
WE MUST RECEIVE THIS INFORMATION NO LATER THAN _________
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