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McCabe & SIMILAR, LLC. THE PROPERTY DEFENDER SHORT SALE DIVISION Borrower Name: SS# Borrower Name: SS# Subject Property Address: Phone # Lender Name: Loan # Authorization to Release Information The

How to fill out bshort saleb processing bpackageb

How to fill out a short sale processing package:

1. Gather all necessary documents: Start by collecting all the required documents for the short sale processing package. This may include financial statements, tax returns, bank statements, hardship letter, and any other supporting documentation.
2. Review the instructions: Carefully read through the instructions provided with the short sale processing package. Pay attention to any specific requirements or forms that need to be completed.
3. Complete the necessary forms: Fill out all the required forms in the short sale processing package. Provide accurate and detailed information to ensure the smooth processing of your request. Double-check that all fields are properly filled and signatures are obtained where necessary.
4. Include supporting documents: Attach all the supporting documents that are requested in the short sale processing package. These documents help substantiate your financial situation and hardship claims, so make sure to include them and organize them in a logical order.
5. Write a comprehensive hardship letter: A significant part of the short sale package is the hardship letter. This letter explains the reasons why you are requesting a short sale and provides relevant information about your financial difficulties. Be honest, clear, and concise in your explanation.
6. Submit the completed package: Once you have completed all the forms and gathered the necessary documents, submit your short sale processing package as per the instructions provided. This may involve mailing or delivering the package to the appropriate department or person.

Who needs a short sale processing package?

1. Homeowners facing financial hardship: A short sale processing package is typically needed by homeowners who are struggling financially and can no longer afford to make mortgage payments. This package helps them initiate the process of selling their property at a price lower than the outstanding mortgage balance.
2. Real estate agents and brokers: Professionals in the real estate industry also need to familiarize themselves with short sale processing packages. They often assist homeowners in navigating through the complex short sale process, including the proper completion of the package.
3. Lenders and financial institutions: Lenders and financial institutions require a short sale processing package from homeowners who are requesting a short sale. This package provides them with essential information to evaluate the homeowner's eligibility for a short sale and determine the feasibility of the proposed sale.

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What is bshort saleb processing bpackageb?

The Short Sale Processing Package is a collection of documents and information required to facilitate the sale of a property for less than the amount owed on the mortgage.

Who is required to file bshort saleb processing bpackageb?

Homeowners who are looking to sell their property for less than what they owe on the mortgage are typically required to file a Short Sale Processing Package.

How to fill out bshort saleb processing bpackageb?

The Short Sale Processing Package is typically filled out by the homeowner with the assistance of their real estate agent or a housing counselor.

What is the purpose of bshort saleb processing bpackageb?

The purpose of the Short Sale Processing Package is to provide the necessary documentation and information to the lender to request approval for selling the property at a loss.

What information must be reported on bshort saleb processing bpackageb?

The Short Sale Processing Package typically includes financial statements, hardship letter, purchase agreement, and other supporting documents to demonstrate the need for a short sale.