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SHORT SALES UNCOVERED Sharing First Hand Experience of Today's Real Estate Market Brought to you by April Roger, Realtor Certified HAIFA Specialist, CRS, CARS, WAR Thank you for taking the time to

How to fill out short sale - keller

How to fill out short sale - Keller:

1. Gather necessary documents: Start by collecting all the required paperwork for the short sale process. This may include financial statements, tax returns, bank statements, pay stubs, and any other relevant financial documents.
2. Contact a real estate professional: It is advisable to seek assistance from a real estate agent experienced in handling short sales. They can guide you through the process, help you fill out the required forms, and negotiate with the lender on your behalf.
3. Complete the lender's short sale application: Each lender may have its own application form for a short sale. Fill out this form accurately and provide all the requested information. Make sure to attach all the supporting documents as required.
4. Write a hardship letter: Along with the application, you will typically be required to submit a hardship letter explaining why you need to pursue a short sale. Be honest and provide specific details about your financial difficulties or extenuating circumstances that prevent you from keeping up with mortgage payments.
5. Submit the completed package: Once you have compiled all the necessary documents, submit the entire package to your lender. It is advisable to submit it via certified mail or in-person to ensure it reaches the appropriate department.

Who needs short sale - Keller?

1. Homeowners facing financial hardship: Short sales are designed for homeowners who are struggling to make their mortgage payments due to financial difficulties such as job loss, medical expenses, divorce, or other unforeseen circumstances.
2. Homeowners with negative equity: If the outstanding loan amount on your property exceeds its current market value, you may be "underwater" or have negative equity. In such cases, a short sale can be a viable option to avoid foreclosure and mitigate potential credit damage.
3. Homeowners who cannot qualify for loan modification: If you have already explored loan modification options but do not meet the lender's criteria or are unable to sustain the modified payments, a short sale can be an alternative to consider.

It is important to note that each individual's situation is unique, and it is advisable to consult with a real estate professional or a financial advisor to determine if a short sale is the right option for you.

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What is short sale - keller?

Short sale - keller is a real estate transaction in which the seller sells a property for less than the outstanding mortgage balance.

Who is required to file short sale - keller?

Homeowners who are facing financial hardship and are unable to keep up with their mortgage payments may be required to file a short sale - keller.

How to fill out short sale - keller?

To fill out a short sale - keller, homeowners must work with a real estate agent or a real estate attorney who specializes in short sales.

What is the purpose of short sale - keller?

The purpose of a short sale - keller is to help homeowners avoid foreclosure by selling their property for less than what is owed on the mortgage.

What information must be reported on short sale - keller?

The information that must be reported on a short sale - keller includes the property address, mortgage details, financial hardship reasons, and a hardship letter.