Documentation Needed For a Short Sale from Homeowner

  1. Last two years federal tax returns with W'2s (Provide copies of the last 2 years of W-2's and federal income tax returns, including all schedules.)
  2. Last 30 days pay stubs (if applicable) (Provide copies of pay stubs for both the borrower and co-borrower.)
  3. Two months bank statements (Provide copies of last 2 months bank statements, including ALL pages.)
  4. Financial Worksheet--Information for both borrower and co-borrower must be included and filled out completely.
  5. Mortgage Statements/Coupons (Provide copies of your most recent Mortgage Statament or Coupon of each loan secured by your property.)
  6. Documentation of any pending bankruptcy (if applicable)
  7. Hardship letter:  This letter should thoroughly explain the adverse conditions of your situation that have make it impossible for you to continue paying your mortgage. For example:
    • Reduced Income or Unemployment.
    • Inability to work due to health reasons.
    • Separation or Divorce.
    • Medical Bills.
    • Business Failure.
    • Death of a Spouse.
    • Adjustment in mortgage payment or unforeseen increase in your monthly expenses
  8. HOA Invoice (Provide an HOA Statement, if applicable.)
  9. Property Tax Bill (Provide copy of last "paid" property tax bill and any "unpaid" tax bills.)

As real estate agents, we are not licensed to give legal or tax advice except for certain conditions pursuant to the Mortgage Forgiveness Debt Relief Act of 2007.

Stephanie Garcia / Coldwell Banker West, 1061 Tierra Del Rey / Chula Vista, CA 91910 / 619-254-7171 

Your FICO score | How Escrow Works | Media Coverage | Client Endorsements | Contact Me | Search MLS | Short Sale Documents | Buyers | Selling Your Home | Home | Loan Programs | Seller Paid Costs | Free Reports | Buying Foreclosures | Listing Commissions | Short Sale Assistance

Copyright © 2012 San Diego Home Sales
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.