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GMAC SHORT SALE APPLICATION CALL: 818-424-8340; EMAIL: Info JohnSandMikeV.com; FAX: 818-239-3501 ATTN: GMAC SHORT SALE SPECIALISTS JOHN SCILLITANI OR MIKE VILLALBA Dear Homeowner: We understand how
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How to fill out gmac short sale application

How to fill out a GMAC short sale application:
01
Obtain the GMAC short sale application form. This can usually be found on the lender's website or by contacting their customer service.
02
Carefully read through the instructions provided with the application form. This will help you understand the required documents and the specific process for filling out the application.
03
Fill in your personal information accurately and completely. This will include your full name, contact information, social security number, and any other details requested by the application.
04
Provide detailed information about the property you are applying for the short sale. This includes the property address, the loan number, and the current market value.
05
Document your financial situation. This may involve gathering recent bank statements, pay stubs, tax returns, and any other proof of income or assets. It is crucial to be transparent and provide all necessary information to support your short sale request.
06
Explain the reasons for your financial hardship. GMAC and other lenders want to understand why you are unable to make your mortgage payments. This could be due to job loss, medical expenses, divorce, or other significant life events. Clearly explain your circumstances in a concise and convincing manner.
07
Attach any supporting documentation related to your financial hardship. This may include medical bills, termination letters, divorce decrees, or any other relevant documents that can support your case.
08
Review the application thoroughly before submitting. Double-check all the information provided and make sure it is accurate and complete. Any errors or missing information can delay the process and may require you to resubmit the application.
09
Submit the completed application to GMAC, following their specified submission process. This may involve mailing the application or submitting it through an online portal.
10
Keep copies of the application and all supporting documents for your records. It is essential to have a record of all the information you submitted.
Who needs a GMAC short sale application?
01
Homeowners who are facing financial hardship and struggling to make their mortgage payments.
02
Homeowners who are interested in selling their property for less than the amount owed on their mortgage.
03
Homeowners with a GMAC mortgage or loan who are looking to explore options to avoid foreclosure and find a resolution that works for both parties.
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What is gmac short sale application?
The GMAC short sale application is a form used by homeowners to request approval from GMAC to sell their property for less than the amount owed on the mortgage.
Who is required to file gmac short sale application?
Homeowners who are looking to sell their property for less than the amount owed on the mortgage are required to file a GMAC short sale application.
How to fill out gmac short sale application?
To fill out a GMAC short sale application, homeowners must provide detailed information about their financial situation, the property being sold, and the reason for the short sale.
What is the purpose of gmac short sale application?
The purpose of a GMAC short sale application is to seek approval from the lender to sell the property for less than the amount owed on the mortgage.
What information must be reported on gmac short sale application?
Information such as financial documents, hardship letter, purchase agreement, and other relevant documents must be reported on a GMAC short sale application.
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