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Seller Informational Short Sale Packet Compliments of: Fox Short Sale Negotiators Corporate 423 South Second Street, St. Charles, IL 60174 Phone (630) 5849330 Fax (630) 3776768 Offices Sycamore, IL

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How to fill out informational short sale packet

How to fill out an informational short sale packet:

01

Gather all necessary documents: Before starting to fill out the informational short sale packet, make sure you have all the required documents such as financial statements, hardship letters, bank statements, income statements, and any other relevant paperwork.

02

Review the instructions: Read through the informational short sale packet carefully to understand the specific requirements and instructions for each section. This will help you provide accurate and complete information.

03

Fill out personal information: Start by providing your personal details, including your name, address, contact information, and social security number. Make sure to double-check the accuracy of these details for any potential communication or documentation errors.

04

Provide financial information: The informational short sale packet will often require you to provide detailed financial information, such as your income, expenses, assets, and liabilities. Fill out these sections accurately and truthfully, as they will determine your eligibility for the short sale process.

05

Write a hardship letter: The packet may include a section where you need to write a hardship letter explaining the circumstances that have led you to pursue a short sale. Be honest and specific about the financial difficulties you are facing and provide any supporting documentation if required.

06

Include supporting documents: Attach any necessary supporting documents requested in the informational short sale packet, such as bank statements, pay stubs, tax returns, or any other financial records that demonstrate your current financial situation.

07

Review and proofread: Take the time to carefully review and proofread all the information you have provided in the informational short sale packet. Make sure there are no errors or missing details that could delay the process or impact your eligibility.

Who needs an informational short sale packet:

01

Homeowners facing financial distress: An informational short sale packet is typically needed by homeowners who are experiencing financial distress and are unable to meet their mortgage obligations. If you are struggling to make mortgage payments, facing foreclosure, or have significant financial hardships, you may need to request and fill out an informational short sale packet.

02

Real estate agents or brokers: Real estate professionals often assist homeowners in navigating the short sale process. They may need to provide an informational short sale packet to their clients or guide them through the steps of completing it accurately.

03

Mortgage lenders or servicers: Mortgage lenders or servicers require homeowners interested in pursuing a short sale to complete an informational short sale packet. This helps them assess the homeowner's financial situation and determine if a short sale is a viable option.

04

Short sale negotiators or attorneys: In some cases, homeowners hire short sale negotiators or attorneys to represent and assist them throughout the short sale process. These professionals may need to obtain and complete an informational short sale packet on behalf of their clients.

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What is informational short sale packet?

The informational short sale packet is a set of documents and forms completed by a seller to provide information about the property being sold.

Who is required to file informational short sale packet?

The seller of the property is required to file the informational short sale packet.

How to fill out informational short sale packet?

The informational short sale packet is filled out by providing accurate and complete information about the property being sold.

What is the purpose of informational short sale packet?

The purpose of the informational short sale packet is to inform the buyer and relevant parties about the details of the property being sold.

What information must be reported on informational short sale packet?

The informational short sale packet must include details about the property, any liens or encumbrances, and other relevant information.

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