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EZ Short Sale (a nonprofit organization) Mortgage Foreclosure MediatorsSHORT SALE CONTRACT This contract states you are hiring EZ Short Sale to work with your banks to reduce your mortgage payoff
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How to fill out seller - short sale

01
Step 1: Gather all necessary documents related to the property and the short sale process, including financial statements, tax documents, and hardship letter.
02
Step 2: Contact the lender or the mortgage servicer to inquire about their specific requirements for a short sale. Some lenders may have different processes or documentation requirements.
03
Step 3: Consult with a real estate agent or attorney experienced in short sales to guide you through the process and help negotiate with the lender.
04
Step 4: Complete the lender's short sale application and provide all requested documents, including the purchase agreement from the buyer, proof of funds, and any necessary forms.
05
Step 5: Cooperate with the lender's appraiser or real estate agent to determine the fair market value of the property.
06
Step 6: Respond promptly to any requests for additional information or documentation from the lender.
07
Step 7: Once the short sale is approved by the lender, work with the buyer and the lender to complete the sale and transfer ownership of the property.
08
Step 8: After the sale is finalized, address any remaining financial obligations, such as deficiency judgments or tax implications, if applicable.

Who needs seller - short sale?

01
Seller - Short sale is typically needed by homeowners who are experiencing financial hardship and are unable to continue making mortgage payments.
02
They may be facing foreclosure or need to sell the property for less than what is owed on the mortgage.
03
A short sale allows them to avoid foreclosure and potentially negotiate a settlement with the lender to satisfy the debt.
04
It can be an option for homeowners who do not qualify for loan modifications or other foreclosure prevention programs.
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A seller-short sale is a process in which a property is sold for less than the amount owed on the mortgage.
The seller of the property is required to file a seller-short sale if they are selling the property for less than the amount owed on the mortgage.
To fill out a seller-short sale, the seller must provide information about the property, the mortgage, and the reason for the sale.
The purpose of a seller-short sale is to avoid foreclosure and allow the seller to sell the property without having to pay the remaining balance on the mortgage.
Information that must be reported on a seller-short sale includes the property address, the outstanding mortgage balance, and the reason for selling the property.
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