What information does a bank typically require for a short sale package?
Last two years tax returns- Last two paycheck stubs for each borrower
- Last two months checking statements
- Last two months savings statements
- Profit and loss statement year to date (if self employed)
- Last two months business account statements (if self-employed)
- Hardship letter (explaining the reason for the short sale request)
- Financial statement (lists income and expenses for your household)
- Signed form 4506 –T (allows short sale lender to pull tax return copies directly from the IRS)
I am a local real estate broker, attorney, Certified Distress Property Expert (CDPE) and Certified HAFA Specialist (CHS) and I specialize in short sales. Contact me today at (805) 878-9879 for a free short sale consultation, or visit my website www.SantaMariaShortSales.com for short sale basics.
Tni LeBlanc, Mint Properties
http://MintProperties.net
(805) 878-9879
* Those considering a short sale are advised to consult with their own attorney for legal advice, and their tax professional for tax advice prior to entering into a short sale listing agreement – this article does not offer legal and tax advice.
Copyright © Tni LeBlanc 2010 *What information does a bank typically require for a short sale package*
