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REQUEST FOR SHORT SALE HUD1Date Requested: Escrow Officer: Requested by:Patricia Gladys Upon completion, we will remit to: By Fax No.: By Email: Property Address: Sales Price: Sellers Name: Buyers

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What is request for short sale?

A request for short sale is a formal application submitted to a lender by a homeowner who wishes to sell their property for less than the amount owed on the mortgage.

Who is required to file request for short sale?

Homeowners who are facing financial hardship and are unable to continue making mortgage payments may be required to file a request for short sale.

How to fill out request for short sale?

To fill out a request for short sale, homeowners typically need to provide financial documentation, a hardship letter, a purchase agreement, and any other required forms specified by the lender.

What is the purpose of request for short sale?

The purpose of a request for short sale is to seek approval from the lender to sell the property for less than what is owed on the mortgage, in order to avoid foreclosure.

What information must be reported on request for short sale?

Information reported on a request for short sale may include the homeowner's financial situation, hardship circumstances, property details, and proposed sale price.

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