Get the free SHORT SALE SUBMISSION PACKAGE SUBJECT PROPERTY

Toll Free: (888) 953 6669 13089 Payton, Ste # 121 Fax: (909) 385 0444 Chino Hills CA 91709 SHORT SALE SUBMISSION PACKAGE SUBJECT PROPERTY Seller: Address: City, State Zip MLS# Matilda Jones 321 Leland

How to fill out short sale submission package

How to fill out a short sale submission package:

1. Gather all necessary documents: This may include financial statements, tax returns, bank statements, pay stubs, hardship letter, and any other documentation required by the lender.
2. Review the lender's guidelines: Each lender may have specific requirements and forms that need to be included in the submission package. Make sure to carefully read and understand these guidelines to ensure that all necessary information is provided.
3. Complete the necessary forms: Fill out all required forms accurately and completely. This may include a short sale offer form, property condition report, and any additional forms requested by the lender.
4. Organize the documents: Arrange all the required documents in a clear and logical order. This makes it easier for the lender to review the package and reduces the chances of any missing or misplaced documents.
5. Write a detailed hardship letter: Explain in detail the reasons for the short sale and why it is the best option for both parties involved. Be honest and provide any supporting documentation or evidence of your financial hardship.
6. Double-check the submission package: Before submitting the package, carefully review all the documents, forms, and information provided. Check for any errors or omissions to ensure the package is complete and accurate.
7. Submit the package to the lender: Follow the lender's instructions on how to submit the package. This may involve physically mailing the documents or submitting them electronically through an online portal.
8. Follow up with the lender: After submitting the package, reach out to the lender to ensure they have received it and ask about the next steps in the process. Be prepared to provide any additional information or documentation that may be requested.

Who needs a short sale submission package?

1. Homeowners facing financial hardship: Those who are struggling to make their mortgage payments and are unable to afford their current home may need a short sale submission package to explore the option of selling the property for less than the remaining mortgage balance.
2. Homeowners underwater on their mortgage: If the homeowner owes more on their mortgage than the current market value of the property, a short sale may be a viable solution to avoid foreclosure and reduce the financial burden.
3. Real estate agents representing distressed homeowners: Agents assisting homeowners with financial difficulties may need to prepare and submit a short sale submission package on behalf of their clients to facilitate the sale of the property.

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What is short sale submission package?

Short sale submission package is a collection of documents and forms that need to be submitted to a lender when requesting a short sale of a property.

Who is required to file short sale submission package?

Homeowners or real estate agents who are trying to sell a property for less than the remaining mortgage amount are required to file a short sale submission package.

How to fill out short sale submission package?

The short sale submission package must be filled out accurately and completely with all necessary financial documents and forms related to the property and the sale.

What is the purpose of short sale submission package?

The purpose of the short sale submission package is to provide the lender with all the necessary information and documentation to evaluate the request for a short sale.

What information must be reported on short sale submission package?

The short sale submission package must include information such as financial statements, hardship letter, purchase agreement, listing agreement, and any other relevant documents.