Get the free GWM Short Sale Packet 011413 REVISED - Torrence Ford

SHORT SALE INFORMATION PACKET In order for us to facilitate your short sale request to your lender(s), you must complete this packet, sign in all the required places and email or fax it back to GYM

How to fill out gwm short sale packet

How to fill out a GWM short sale packet:

1. Start by gathering all necessary documents: This may include bank statements, tax returns, pay stubs, hardship letter, financial worksheet, and any other required paperwork. Make sure to read the instructions carefully to ensure you have all the necessary documentation.
2. Complete the seller information section: Fill in your personal details such as name, address, contact information, and social security number. Be sure to provide accurate and up-to-date information.
3. Fill out the property information: Include the property address, the type of property, its current market value, and any other relevant details about the property.
4. Provide financial information: This section typically requires you to disclose your income, expenses, assets, liabilities, and any other financial information that is necessary for the short sale process. Fill in this information accurately and truthfully.
5. Write a hardship letter: The hardship letter is a crucial part of the short sale packet. It is your opportunity to explain why you are experiencing financial hardship and why you need to proceed with a short sale. Be honest and provide detailed information about your circumstances.
6. Attach supporting documents: Make copies of all supporting documents that are required, such as bank statements, pay stubs, tax returns, and any other financial evidence that validates your situation. Be sure to organize and label each document properly.
7. Review and double-check your packet: Before submitting the packet, carefully review all the information you have provided. Ensure that all forms are completed accurately and all required documents are attached. Any missing or incomplete information could delay the short sale process.

Who needs a GWM short sale packet?

1. Homeowners facing financial hardship: The GWM short sale packet is typically used by homeowners who are experiencing financial difficulties and are unable to continue making mortgage payments. These individuals may be at risk of foreclosure and may opt for a short sale as an alternative solution.
2. Real estate agents or brokers: Real estate professionals who are assisting homeowners with the short sale process may also require a GWM short sale packet. This allows them to gather all the necessary information and documents required by the lender.
3. Lenders or mortgage servicers: The GWM short sale packet is used by lenders or mortgage servicers to evaluate the eligibility of a homeowner for a short sale. It helps them assess the homeowner's financial situation and determine if a short sale is a viable option.

In summary, the process of filling out a GWM short sale packet involves gathering the necessary documents, providing personal and financial information, writing a hardship letter, and attaching relevant supporting documents. This packet is required by homeowners, real estate professionals, and lenders involved in the short sale process.

For pdfFiller’s FAQs

What is gwm short sale packet?

The gwm short sale packet is a set of documents and forms required to be submitted when requesting to sell a property for less than what is owed on the mortgage.

Who is required to file gwm short sale packet?

Homeowners who are facing financial difficulties and are unable to continue making mortgage payments may be required to file a gwm short sale packet.

How to fill out gwm short sale packet?

To fill out the gwm short sale packet, homeowners must provide information about their financial situation, the property being sold, and reasons for requesting a short sale.

What is the purpose of gwm short sale packet?

The purpose of the gwm short sale packet is to request approval from the lender to sell the property for less than what is owed on the mortgage.

What information must be reported on gwm short sale packet?

Information such as financial statements, tax returns, hardship letter, purchase agreement, and other relevant documents must be reported on the gwm short sale packet.

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