What documents go in a short sale package? Folsom Certified Short Sale Specialist and Certified Short Sale Negotiator Forth Hoyt talks about the benefits of putting together a “killer” short sale file.
A well organized, complete, well thought out, strategically orchestrated, professional looking short sale package allows the bank or servicers short sale negotiator to have everything they need to to begin the process of negotiating your short sale with the investor (the owner of your note). Organized, concise, indexed and complete, a killer short sale file sets your file apart from the norm and makes the negotiators job easy- So your short sale file stays at the top of the stack and gets the most attention because your short sale is the easiest to work!
Commonly known as the Short Sale Package– the documentation needed for servicers, banks and investors to consider a short sale are usually the same. Many times, servicers have specific short sale forms that they require (especially the authorization to release information, and Financial Statement, also many have special contract addendum’s and disclosures)
These homeowner short sale documents are:
– The authorization to release information (authorizes the short sale agent to communicate on your behalf)
– The hardship letter
– Financial Statement
– The two most recent pay stubs (or income/expense reports, if self-employed)
– The two most recent bank statements
– Last two years Tax Returns
-Most banks also require the IRS Form 4506-T Request for Transcript of Tax Return (specifying a request for the past two years); you can download tax forms at www.irs.gov
I have the very latest information at all times for every single servicer/investor out there- Call me today at 916-316-3810
The most important thing you can do as a homeowner in the initial stages of investigating a short sale is to align yourself with a Certified Short Sale Specialist.
Contact us Today At Forth Hoyt’s Sacramento Short Sale Center