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Seller Informational Short Sale PacketCompliments of: Fox Short Sale NegotiatorsCorporate 423 South Second Street, St. Charles, IL 60174 Phone (630) 5849330 Fax (630) 3776768 Offices Sycamore, IL
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What is informational short sale packet?
Informational short sale packet is a collection of documents and forms required by the lender when a homeowner wants to sell a property for less than what is owed on the mortgage.
Who is required to file informational short sale packet?
Homeowners who want to sell their property as a short sale are required to file the informational short sale packet.
How to fill out informational short sale packet?
Homeowners need to provide detailed financial information, hardship letter, listing agreement, purchase agreement, and other supporting documents as required by the lender.
What is the purpose of informational short sale packet?
The purpose of the informational short sale packet is to help the lender assess the homeowner's financial situation and determine if a short sale is a viable option.
What information must be reported on informational short sale packet?
Homeowners must report their financial information, hardship reasons, property details, listing and purchase agreements, and any other documents requested by the lender.
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