One important factor in successful short sale negotiations is having your paperwork in order.  From the very beginning I use checklists and systems to make sure we are in a strong negotiation position.

As the file is created I use a “Short Sale Info Sheet” to record necessary information and check off the documents as they are collected from the seller. 

__   Lender #1 Short Sale Package List: ______________________________

__   Lender #2 Short Sale Package List: ______________________________

__  1. Most recent mortgage statement or coupon
__  2. Copy of any letters you have received from your lender regarding delinquency
__  3. Current proof of income (two recent pay stubs from each person on the mortgage)
__  4. Two most recent tax returns (1040 Form, only first two pages)
__  5. Two most recent bank statements (all accounts: checking, savings, etc.)
__  6. Freddie Mac Borrower Financial Information form or one provided by your lender.
__  7. Handwritten Hardship Letter
__  8. Listing Agreement

__  9. Signed Sales Contract

__  10. Estimated HUD -1

Here’s the form: Short Sale Info SheetIf you are fearful of foreclosure, a short sale may be your solution.

Please contact me, Dan Forbes, or call if you have questions about our Bradenton, Florida real estate market at 941-746-0505; toll free 877-646-8326.  Visit my web site BradentonFloridaRealEstate.com  

This entry was posted on Friday, November 30th, 2007 at 8:25 am and is filed under Bradenton Real Estate, Foreclosure, Short Sale. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.