Free Short Sale Packet from San Diego Short Sale Specialist

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.

Items of A Short Sale Packet
1. Short Sale Payoff Application
provided by the lender
2. Authorization to Release
3. Seller’s Hardship Letter – explain
seller situation
4. Seller Financial Information –
Assets,Liabilities, Pay stubs, W-2’s, IRS Form 2506, Bank Statements 
5. Supporting Hardship Information –
HOA liens, Medical Bills, Disability Statements, Unemployment benefit or
status, Divorce Decree
6. Comparative Market Analysis
7. Market History
8. Repair Estimate of the Property
9. Contract and the HUD -1

What is a short sale?
A short sale is a real estate
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.

Lorraine Santirosa is a San Diego Realtor that specializes in San Diego Short Sales. 619-248-5484 

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