Get the free Short Sale Affidavit (Form). Short Sale Affidavit

INSTRUCTIONS Short Sale Affidavit The borrower, purchaser, and all parties involved in the transaction must sign and date a Short Sale Affidavit (Form 191) at the time of the closing confirming that

How to fill out short sale affidavit form

1. Start by obtaining the short sale affidavit form from the appropriate source. This form is typically provided by the lender or the mortgage servicer.
2. Carefully read through the instructions provided with the form to understand the information and documents that are required to be included.
3. Begin by filling out your personal information, such as your name, contact details, and loan account number.
4. Provide details about your property, including the address, type of property, and any other relevant information requested.
5. Indicate the reason for the short sale, such as financial hardship or inability to continue making mortgage payments.
6. Provide a detailed description of the financial situation that led to the need for a short sale, including information on income, expenses, assets, and liabilities. Be sure to provide accurate and complete information.
7. If applicable, include any additional supporting documents requested by the form, such as bank statements, pay stubs, tax returns, or financial statements.
8. Carefully review all the information you have entered to ensure its accuracy and completeness. Making any mistakes or omissions may delay the short sale process.
9. Sign and date the short sale affidavit form, certifying that all the information provided is true and accurate to the best of your knowledge.
10. Submit the completed short sale affidavit form, along with any requested supporting documents, to the lender or mortgage servicer.

Who needs a short sale affidavit form?

1. Individuals who are facing financial hardship and are unable to continue making mortgage payments may need a short sale affidavit form.
2. Homeowners who have fallen behind on their mortgage payments and are considering a short sale as an alternative to foreclosure may also need to complete this form.
3. Real estate agents or brokers involved in the short sale process may also be required to provide the short sale affidavit form on behalf of their clients.
4. Lenders and mortgage servicers often require borrowers to complete this form as part of the short sale application process.
5. Any party involved in the short sale transaction, including buyers, sellers, and lenders, may need access to the short sale affidavit form to ensure all necessary information is provided and documented.

For pdfFiller’s FAQs

What is short sale affidavit form?

Short sale affidavit form is a document required by lenders in a real estate transaction where the sales price of the property will not cover the outstanding debt on the mortgage.

Who is required to file short sale affidavit form?

The seller, buyer, and real estate agents involved in a short sale transaction are typically required to file the short sale affidavit form.

How to fill out short sale affidavit form?

To fill out the short sale affidavit form, you will need to provide information about the property, the outstanding mortgage balance, the sales price, any liens on the property, and other relevant details.

What is the purpose of short sale affidavit form?

The purpose of the short sale affidavit form is to disclose the financial details of a short sale transaction to all parties involved, including the lender.

What information must be reported on short sale affidavit form?

Information that must be reported on the short sale affidavit form includes the property address, the outstanding mortgage balance, the sales price, any liens on the property, and contact information for the parties involved.

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