Get the free Short Sale Affidavit - Fannie Mae

Name: Fillable Online Short Sale Affidavit - Fannie Mae Fax Email Print - pdfFiller
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Please follow these instructions to avoid having the Short Sale proceeds sent back: A copy of the Final Signed HUD, Short Sale Affidavit, Buyer Settlement Disclosure and copy of the wire confirmation

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How to fill out short sale affidavit

01

Step 1: Gather all necessary documents. This may include financial statements, bank statements, tax returns, and proof of hardship.

02

Step 2: Review the short sale affidavit form provided by your lender or servicer. Familiarize yourself with the required information and sections.

03

Step 3: Fill out your personal information accurately. This may include your name, address, contact details, and social security number.

04

Step 4: Provide details about your mortgage. Include the loan number, current balance, and any outstanding liens or second mortgages.

05

Step 5: Explain the reason for your hardship. This could be due to job loss, medical emergencies, divorce, or other financial difficulties.

06

Step 6: Complete the financial section. This requires disclosing your income, expenses, assets, and debts. Be thorough and honest in your responses.

07

Step 7: Sign and date the short sale affidavit. Make sure to read and understand the declaration and certification statements before signing.

08

Step 8: Submit the filled-out affidavit to your lender or servicer. Follow their instructions for submission, whether by mail, email, or online portal.

09

Step 9: Keep a copy of the completed affidavit for your records.

10

Step 10: Communicate with your lender or servicer throughout the short sale process. Be responsive to any additional document requests or inquiries.

11

Step 11: Consult with a real estate professional or legal expert if needed to ensure you complete the short sale affidavit accurately and effectively.

Who needs short sale affidavit?

01

Homeowners who are facing financial hardship and want to sell their property through a short sale process may need to fill out a short sale affidavit.

02

Lenders or loan servicers may require borrowers to submit a short sale affidavit as part of the short sale approval process.

03

Real estate professionals or agents involved in the short sale transaction may also need the short sale affidavit to facilitate the sale and communicate with the lender.

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What is short sale affidavit?

A short sale affidavit is a document that certifies the financial situation of a borrower who is seeking approval for a short sale of their property.

Who is required to file short sale affidavit?

The borrower or property owner is required to file the short sale affidavit.

How to fill out short sale affidavit?

The short sale affidavit must be filled out completely and accurately, including all required financial information.

What is the purpose of short sale affidavit?

The purpose of the short sale affidavit is to provide the lender with information about the borrower's financial situation and eligibility for a short sale.

What information must be reported on short sale affidavit?

The short sale affidavit must include information such as the borrower's income, assets, debts, and reasons for requesting a short sale.

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