Get the free Sellers Short Sale Package (Both Information and Application

3906 S. 74th St., Tacoma, Washington 98409 Tel: 253.284.3838 Toll-Free 1-800.236.4948 Fax: 253.284.3841 (Also offices located in Seattle, Kent, Silver dale and Everett) www.mbs-shortsales.com SHORT

How to fill out sellers short sale package

1. Obtain a copy of the sellers short sale package from the lender or the listing agent. This package typically includes various documents and forms that need to be filled out.
2. Begin by completing the seller's financial statement, which typically asks for detailed information about the seller's income, assets, expenses, and liabilities. It is important to provide accurate and thorough information in this section.
3. Next, fill out the hardship letter, which explains the reasons for requesting a short sale. Be sure to provide a clear and concise explanation of the financial difficulties that have led to the need for a short sale. This letter should convey the seller's willingness to cooperate and be proactive in the process.
4. Provide any requested documentation or proof of financial hardship, such as bank statements, pay stubs, tax returns, or medical bills. These documents will help validate the seller's claims and support the need for a short sale.
5. Complete any additional forms or disclosures that are included in the short sale package. These may include a lien release, seller's affidavit, and consent forms.
6. Gather supporting documents, such as property information, title information, and any existing loan documents. These documents may vary depending on the lender's requirements, so it is crucial to carefully review the instructions.
7. Double-check all forms, documents, and supporting materials for accuracy and completeness before submitting them. Any missing or incomplete information may cause delays or even rejection of the short sale application.

Who needs sellers short sale package?

Homeowners who are facing financial difficulties and are unable to keep up with their mortgage payments may require a sellers short sale package. This package is typically needed when the homeowner is in a situation where the outstanding loan balance exceeds the current market value of the property, and they are seeking approval from their lender to sell the property for less than what is owed. It is important for homeowners in this situation to work closely with their lenders, listing agents, and real estate professionals to ensure all necessary paperwork is completed accurately and submitted in a timely manner.

For pdfFiller’s FAQs

What is sellers short sale package?

The sellers short sale package is a set of documents and forms that the seller must submit to the lender when attempting to sell a property for less than the outstanding mortgage balance.

Who is required to file sellers short sale package?

The seller of the property is required to file the sellers short sale package.

How to fill out sellers short sale package?

The seller must carefully fill out all forms and provide all requested documentation in the sellers short sale package.

What is the purpose of sellers short sale package?

The purpose of the sellers short sale package is to request the lender's approval for the sale of the property at a price lower than what is owed on the mortgage.

What information must be reported on sellers short sale package?

The sellers short sale package typically includes financial information, proof of hardship, property information, and the purchase agreement.

How can I send sellers short sale package to be eSigned by others?

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Can I sign the sellers short sale package electronically in Chrome?

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How do I fill out sellers short sale package on an Android device?

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