Common Short Sale Documents

By | April 27, 2010

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If you’re getting ready to apply for a short sale, please have these documents ready at your initial listing appointment. Your lender will require them to process your application, and you can save lots of valuable time if you can prepare them up front.

Please note: lenders may need recent updates of each item, so put your paystubs and bank statements in a safe place every week!

> Two months most recent mortgage statements (all mortgages)

> Two months checking account statements (all borrowers)

> Two months saving account statements (all borrowers)

> Two months other account statements (Roth IRA, 401k, Trust, etc., all borrowers)

> Last two paycheck stubs (all borrowers)

> Two years tax returns

> Hardship letter (see sample)

> Financial Worksheet (attached)

> Authorization Forms to allow your Realtor, attorney, and title company negotiate on your behalf


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