Get the free Aurora Short-Sale Package - Coastal REO Solutions

Depending upon your current financial situation, it may be possible for Aurora to offer you a short sale transaction. A short sale occurs when a property is sold for an amount less than the full payoff

How to fill out aurora short-sale package

How to fill out the Aurora short-sale package?

1. Gather all necessary documentation: Before filling out the Aurora short-sale package, make sure you have all the required documentation ready. This may include financial statements, tax returns, bank statements, pay stubs, hardship letter, and any other documents specified by Aurora.
2. Download or request the Aurora short-sale package: Visit Aurora's official website or contact their customer service to obtain the short-sale package forms. They may also be available through your real estate agent or loan officer.
3. Review and understand the instructions: Take the time to read and familiarize yourself with the instructions provided in the Aurora short-sale package. Make sure you understand each section and what information you need to provide.
4. Complete the borrower's information: Start by providing your personal details such as your name, address, contact information, social security number, and loan number. Fill out this section accurately and neatly.
5. Fill out the financial information: The Aurora short-sale package will require you to disclose your financial information, including your income, assets, liabilities, and expenses. Provide accurate and detailed information to help Aurora assess your financial situation.
6. Write the hardship letter: In the Aurora short-sale package, you will typically find a section for a hardship letter. This is your opportunity to explain why you are experiencing financial difficulties and why a short sale is the best option for you. Be honest and concise in describing your situation.
7. Attach supporting documentation: As mentioned earlier, make sure to attach all the required supporting documents as specified in the Aurora short-sale package. This may include bank statements, tax returns, pay stubs, and any other proof of your financial situation.

Who needs the Aurora short-sale package?

1. Homeowners facing financial hardships: The Aurora short-sale package is designed for homeowners who are experiencing financial difficulties and are unable to keep up with their mortgage payments. It offers an alternative to foreclosure by allowing the homeowner to sell the property for less than the amount owed on the mortgage.
2. Homeowners wanting to avoid foreclosure: Short sales can be a viable option for homeowners who want to avoid the negative consequences of foreclosure. By submitting the Aurora short-sale package and successfully completing the process, homeowners can potentially minimize the impact on their credit score and move towards a fresh start.
3. Individuals working with a real estate agent or loan officer: While it is possible to complete the Aurora short-sale package independently, many homeowners seek assistance from real estate agents or loan officers who are experienced in navigating the short-sale process. These professionals can provide guidance, help with paperwork, and facilitate communication with Aurora.

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What is aurora short-sale package?

Aurora short-sale package is a set of documents and forms required by Aurora to process a short sale of a property.

Who is required to file aurora short-sale package?

Homeowners looking to sell their property through a short sale are required to file aurora short-sale package.

How to fill out aurora short-sale package?

To fill out aurora short-sale package, homeowners must provide detailed information about themselves, the property, and their financial situation.

What is the purpose of aurora short-sale package?

The purpose of aurora short-sale package is to help Aurora assess the homeowner's eligibility for a short sale and determine the best course of action.

What information must be reported on aurora short-sale package?

Information such as the homeowner's contact information, property details, financial statements, and hardship letter must be reported on aurora short-sale package.