When listing your Bend, OR home as a short sale you'll need to prepare a short sale packet. When listing your home as a short sale in Bend it is a good idea to begin gathering your financial documents while interviewing real estate agents. A well prepared short sale packet can make the process a bit easier. As the seller you will be responsible for providing your financial information and your real estate agent will help prepare the contracts and assist you along the way. What is the short sale packet? The short sale packet is the collection of documents your real estate agent will submit to your lender. The lender will then review the documents, assess the value of your home and determine whether or not to approve a short sale. What is in the short sale packet?
Listing Agreement Sales Agreement HUD-1
2 Years tax returns 2 Months of bank statements 2 Months of mortgage statements from each loan 1 Month of Pay-Stubs Financial Hardship Letter Financial Worksheet Authorization to Release Information Additional supporting financial documents.
Short sales can take several months to receive bank approval. During this time your lender may ask you to resubmit financial documents such as pay-stubs and bank statements. After you submit the initial financial documents to your real estate agent, it is a good idea to keep a file with any new pay-stubs, bank statements, mortgage statements and any other pertinent bills. This way you have the paperwork ready to go when the bank asks for it and you can help speed up the road to approval. At Taft Dire we are experienced in negotiating short sales. If you have any questions regarding the short sale process or listing your Bend, OR home please contact us for free confidential information.
Listing Agreement Sales Agreement HUD-12 Years tax returns 2 Months of bank statements 2 Months of mortgage statements from each loan 1 Month of Pay-Stubs Financial Hardship Letter Financial Worksheet Authorization to Release Information Additional supporting financial documents.
Short sales can take several months to receive bank approval. During this time your lender may ask you to resubmit financial documents such as pay-stubs and bank statements. After you submit the initial financial documents to your real estate agent, it is a good idea to keep a file with any new pay-stubs, bank statements, mortgage statements and any other pertinent bills. This way you have the paperwork ready to go when the bank asks for it and you can help speed up the road to approval. At Taft Dire we are experienced in negotiating short sales. If you have any questions regarding the short sale process or listing your Bend, OR home please contact us for free confidential information.
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