Get the free Short Sale Affidavit - Wells Fargo REO Properties

Short Sale AffidavitLoan Number: As relates to a certain real estate purchase contract dated j concerning the Mortgaged Premises located at the following property address: Property address: under

How to fill out short sale affidavit

How to fill out short sale affidavit

1. Obtain a copy of the short sale affidavit form from your lender or loan servicer.
2. Carefully read through the form to understand the information and documentation required.
3. Gather all the necessary supporting documents such as financial statements, hardship letters, income proof, bank statements, and tax returns.
4. Fill out the personal information section accurately, including your name, address, contact information, and social security number.
5. Provide details about the property being sold, including its address, market value, outstanding loan amount, and any liens or encumbrances.
6. Explain the reasons for requesting a short sale and provide a detailed hardship explanation.
7. Provide income and expense details to demonstrate your financial situation, including monthly income, expenses, debts, and assets.
8. Attach all the required supporting documents, ensuring they are legible and organized.
9. Review the completed form and supporting documents for accuracy and completeness.
10. Sign and date the short sale affidavit.
11. Submit the completed affidavit and supporting documents to your lender or loan servicer as per their instructions.

Who needs short sale affidavit?

1. A short sale affidavit is typically needed by homeowners who are facing financial difficulties and are unable to pay their mortgage.
2. It is also required when a homeowner wants to sell their property for an amount that is less than the remaining loan balance.
3. Banks and lending institutions often require the submission of a short sale affidavit as part of the short sale approval process.
4. Real estate agents and attorneys involved in the short sale transaction may also need a copy of the short sale affidavit.

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What is short sale affidavit?

Short sale affidavit is a document that confirms the details of a property sale where the sale price is lower than the outstanding mortgage amount.

Who is required to file short sale affidavit?

The seller and the buyer of a property involved in a short sale transaction are required to file the short sale affidavit.

How to fill out short sale affidavit?

The short sale affidavit can be filled out by providing details of the property, sale price, outstanding mortgage amount, and any other relevant information.

What is the purpose of short sale affidavit?

The purpose of the short sale affidavit is to document the details of a property sale where the sale price is lower than the outstanding mortgage amount.

What information must be reported on short sale affidavit?

The short sale affidavit must report details such as property address, sale price, outstanding mortgage amount, names of seller and buyer, and any other relevant information.