Team Munson Short Sale Documentation Checklist    

The simple fact of the matter is this… applying and then qualifying for a Short Sale is similar to applying for a loan – your lender(s) wants to see a short stack of documents proving your dire need for a short sale….. The final decision is up to your Mortgage company (ies) whether they will allow you to Short Sale or not, and having a real estate agent with the SFR designation will greatly increase your chances.

For me to help you with your Short Sale, you must be willing to provide everything requested ASAP . . .

Most lenders will require that you submit the following documents:

• Hardship letter describing the event(s) that triggered your inability to make your mortgage payments and why you need to Short Sale


• Copy of any documentation supporting your hardship claim, such as hospital bills, a pink slip from your work, or divorce papers


• Borrower Financials showing your income and assets, all the debts you owe (balances and minimum monthly payments) also everything that you pay out from utilities to groceries to possible child care etc etc


• Current financial statement (sometimes referred to as a financial worksheet) detailing your monthly income and expenses and showing how much you are coming up short each month with the current house payment


• Copy of past two years’ federal income tax returns


• Copy of past two years’ W-2 forms


• Copy of past two months’ bank statements. (If you have a pile of money sitting in the bank, the lender is less likely to grant you a short sale based on hardship.)


• Copy of past two months’ pay stubs showing income from your job


• Copy of most recent mortgage statement from all mortgage companies.


• Copy of most recent property tax statement (if escrow payments for property taxes are not shown on your mortgage statement)


• Proof of homeowners’ insurance (if escrow payments for homeowner’s insurance are not shown on your mortgage statement). Your insurance agent should be able to provide you with what you need


• Projected financial statement detailing any changes to your monthly income and expenses and the payment amount you will be able to afford assuming you obtain a loan modification


• Cover letter or form explaining why you’re submitting all these documents and providing a list of all documents included in the package. Make sure the cover letter includes your name and account number

Prior to submitting your request for a Short Sale, please make sure you have signed all documents that require signatures. Your significant other may need to sign, as well, assuming his or her name is on the original mortgage. You may also want to include your loan number on copies of all documents in the package. Make absolutely sure you follow my instructions to the letter and include each and every document the lender will requests in whatever form specified per me, your real estate agent.

For years, I have been doing Short Sales & Foreclosures for both sides; whether you're the Buyer or the Seller. I am considered an expert in this field and am a top agent in my company because of this. Short Sales/Foreclosures are not easy and they're very time consuming. If you help me, I will help you. I have had a success rate that is above and beyond normal and continue to do so this very day. I continue to be very detail orientated in these transactions as its an absolute must!

When you’re ready, I am here for you 110%. No Matter what you decide. Thanks again for your time.

Sincerely,
Benjawan ~ Team Munson