Short Sale

Some important documents you’ll need to initiate a short sale:

1. Two consecutive years tax returns for all borrowers;
2. Three consecutive months most recent paycheck stubs;
3. Three consecutive months bank statements;
4. Brief signed and dated hardship letter stating circumstances for why you are or are about to become behind on your mortgage;
5. Signed and dated authorization for us to speak with your mortgage company (click here for form);
6. Copies of all recent mortgage statements;
7. Contact information for Homeowner’s Association (if applicable);
8. Information on Property Tax Loans (if applicable);
9. Signed and filled in 4506T (click here for form)

You should be prepared to send update paycheck stubs, bank statements and other documents throughout the short sale process. The above list is a guide of what most mortgage companies require to process a short sale; however this list is not intended to be complete as many lenders will require other documents and information in addition to the list above. If you’re divorced and you ex-spouse is or was a borrower on the current mortgage they may need to provide documents to the short sale lender as well.