Free Short Sale packet from San Diego Short Sale Specialist–
Homeowners are required to submit a short sale packet when applying to
do a short sale pay off with a lender. The packet needs to be completed
properly and in it’s entirety otherwise it can delay the short sale closing.
provided by the lender
Assets,Liabilities, Pay stubs, W-2’s, IRS Form 2506, Bank Statements
HOA liens, Medical Bills, Disability Statements, Unemployment benefit or
status, Divorce Decree
transaction in which the proceeds from the sale do not cover the loan balance owed on the property.
A short sale is accomplished by the homeowner
agreeing to list the property and the received offer is negotiated with the
bank’s loss mitigation or workout department by the real estate professional.