Get the free Short Sale Package - bEditableb Version - 10712-1 - Group 4610

Short Sale Package The following documents are needed to proceed with the short sale of your property: Borrowers Authorization Complete the enclosed form with all requested information and sign &

How to fill out short sale package

How to fill out a short sale package:

1. Gather all necessary documents: This includes financial statements, hardship letters, tax returns, bank statements, pay stubs, and any other requested documentation. Make sure to have multiple copies of each document in case they get lost or misplaced.
2. Organize the documents: Create a folder or binder specifically for the short sale package and label each section accordingly. This will make it easier for the lender or bank to review the documents.
3. Complete the required forms: Fill out all the necessary forms provided by the lender or bank. These forms may include a financial disclosure form, a short sale application, and a purchase contract among others. Make sure to review each form thoroughly and double-check for any errors or missing information.
4. Write a hardship letter: This letter explains the reasons behind your financial hardship and why you are unable to continue making mortgage payments. Be honest and concise in your explanation, and include any supporting documents that further illustrate your situation.
5. Include supporting documentation: Attach all supporting documentation relevant to your financial hardship, such as medical bills, termination letters, divorce decrees, or any other documents that provide additional context to your situation.
6. Review and proofread: Before submitting the short sale package, carefully review each document and form to ensure accuracy and completion. Check for any spelling or grammatical errors and make necessary corrections.
7. Submit the package to the lender or bank: Follow the submission instructions provided by the lender or bank and make sure to keep copies of all documents sent for your records.
8. Follow up with the lender or bank: After submitting the short sale package, stay in communication with the lender or bank to ensure they have received all required documents and to address any questions or concerns that may arise during the review process.

Who needs a short sale package?

1. Homeowners facing financial hardship: Short sale packages are typically required for homeowners who are unable to continue making mortgage payments due to financial hardship, such as job loss, medical bills, divorce, or other circumstances impacting their ability to meet their financial obligations.
2. Real estate professionals: Real estate agents, brokers, and attorneys involved in the short sale process also need access to the short sale package to understand the homeowner's situation and negotiate with the lender or bank on their behalf.
3. Lenders or banks: The primary recipients of the short sale package are the lenders or banks who hold the mortgage on the property. They require the package to assess the homeowner's financial situation, verify the need for a short sale, and determine if approving the short sale is in their best interest.

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Using pdfFiller's Gmail add-on, you can edit, fill out, and sign your short sale package and other papers directly in your email. You may get it through Google Workspace Marketplace. Make better use of your time by handling your papers and eSignatures.

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On an Android device, use the pdfFiller mobile app to finish your short sale package. The program allows you to execute all necessary document management operations, such as adding, editing, and removing text, signing, annotating, and more. You only need a smartphone and an internet connection.