Get the free Short Sale Pre-Qual - Flathead County

Short Sale Prequel Property Address Realtor Name: Company: Email Address: Phone: Loan(s) 1st LenderBalance $ Purchase Money Yes / Months Delinquent nd2LenderBalance $ Purchase Money Yes / Months Delinquent

How to fill out short sale pre-qual

How to fill out short sale pre-qual

1. To fill out a short sale pre-qual, follow these steps:
2. Gather all the necessary financial documents such as pay stubs, bank statements, tax returns, and proof of income.
3. Contact your lender or hire a real estate agent experienced in short sales to obtain the specific pre-qualification form.
4. Fill out the form accurately, providing all the required information about your financial situation.
5. Attach the supporting documents with the form, ensuring that they are clear and legible.
6. Review the completed form and documents to ensure everything is accurate and complete.
7. Submit the filled-out pre-qualification form and supporting documents to your lender or real estate agent.
8. Follow up with the lender or agent to ensure they have received and reviewed your pre-qual submission.
9. Keep copies of all the submitted documents for your records.
10. Await confirmation or feedback from the lender or agent regarding your short sale pre-qualification.

Who needs short sale pre-qual?

1. Short sale pre-qualification is needed by individuals who are considering selling their property through a short sale.
2. Short sale refers to when a homeowner sells their property for less than the remaining balance on their mortgage.
3. This usually happens when the homeowner is facing financial hardship and is unable to continue making mortgage payments.
4. By obtaining a pre-qualification, the homeowner can assess their eligibility for a short sale and provide the necessary information to the lender or real estate agent.
5. This process helps both the homeowner and the lender or agent to determine if a short sale is a viable option and initiate the necessary steps.

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What is short sale pre-qual?

Short sale pre-qual is a preliminary qualification process that helps determine if a seller qualifies for a short sale.

Who is required to file short sale pre-qual?

The seller or homeowner is required to file a short sale pre-qual.

How to fill out short sale pre-qual?

To fill out a short sale pre-qual, the seller must provide information about their financial situation and the property being sold.

What is the purpose of short sale pre-qual?

The purpose of short sale pre-qual is to assess the seller's eligibility for a short sale and to provide the lender with information about the seller's financial situation.

What information must be reported on short sale pre-qual?

The seller must report information such as their income, expenses, debts, and the value of the property.