Get the free Short sale bintake formb - I Face Foreclosure

SHORT SALE INTAKE FORM Notes: Date: How were you referred to us? Listing Agent: List Price: $ Time on market: Attorney: PERSONAL INFORMATION Name: Property Address: City: State: Zip: Mailing Address:

How to fill out short sale bintake formb

How to fill out a short sale intake form?

Begin by gathering all necessary information:

1. Collect the property address, including the street, city, and zip code.
2. Have the borrower's full name, contact information, and social security number ready.
3. Obtain the loan number, lender's name, and contact details.
4. Retrieve any relevant financial documents, such as pay stubs, bank statements, and tax returns.

Provide accurate property details:

1. Fill in the property's current market value and the outstanding loan balance.
2. Include any liens or judgments against the property.
3. Specify whether any previous loan modifications or bankruptcy filings have occurred.

Explain the reason for the short sale:

1. State the borrower's financial hardship, such as job loss, medical issues, or divorce.
2. Describe any changes in the borrower's income or expenses that contribute to the need for a short sale.
3. Include any supporting documentation or hardship letters, if required.

Complete the necessary financial information:

1. List all sources of income for the borrower, including employment, rental properties, or investments.
2. Provide an overview of monthly expenses, including mortgage payments, utilities, insurance, and other bills.
3. Specify any other outstanding debts or obligations.

Disclose any pending foreclosure:

1. If there is an ongoing foreclosure proceeding, provide details about the status and timeline.
2. Mention any contact made with the lender or foreclosure attorney.

Sign and date the form:

1. Make sure to include the borrower's signature, date, and any additional required signatures.
2. Review the information provided on the form for accuracy and completeness.

Who needs a short sale intake form?

Borrowers facing financial hardship:

1. Individuals or families who are struggling with mortgage payments and may need to sell their property at a loss to avoid foreclosure.
2. People experiencing job loss, reduced income, medical expenses, divorce, or other circumstances affecting their ability to repay the loan.

Lenders or loan servicers:

1. Financial institutions that receive and process short sale requests from borrowers.
2. Lenders may require borrowers to complete a short sale intake form to assess their eligibility and potential for a successful resolution.

Real estate agents or professionals:

1. Individuals working in the real estate industry who assist borrowers in submitting short sale requests.
2. Real estate agents may use the short sale intake form to accurately present the borrower's situation to the lender and negotiate on their behalf.

Remember, the short sale intake form is a crucial document that plays a significant role in the short sale process. It helps to provide detailed information to the lender or loan servicer, allowing them to evaluate the borrower's situation and determine if a short sale is a viable option.

For pdfFiller’s FAQs

What is short sale bintake form?

Short sale bintake form is a document used to report short sale transactions to the relevant authorities.

Who is required to file short sale bintake form?

Real estate agents, brokers, and sellers involved in short sale transactions are required to file the short sale bintake form.

How to fill out short sale bintake form?

Short sale bintake form can be filled out by providing all the necessary information required, such as details of the property, sale price, parties involved, and any other relevant information.

What is the purpose of short sale bintake form?

The purpose of short sale bintake form is to ensure transparency and compliance with regulations in short sale transactions.

What information must be reported on short sale bintake form?

Information such as property details, sale price, parties involved, and any other relevant information must be reported on the short sale bintake form.

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