S.W. Florida Broker Joe

Joe Kendall Associate Broker with Sandals Realty writes about foreclosure help and documents required for a bank short sale.

I just want to go over what is in a bank package of requirements. I can not speak for every bank and they all are a little bit different, but I would like to give you the most common documents that are request from the home owner by the banks.

 (1)  Hardship letter,  Explanation of the owner hardship requesting for assistance with approving the short sale.

 (2) Supporting Documentation, any letter, or form to support your current hardship.

 (3) Financial Statement, Form is sent to you from the bank to be filled out, signed and dated.

 (4) Federal Income tax returns, Copy of the last two years with W-2"s

 (5) Bank Statements Your last three months bank statements, Paycheck stubs,  copy of your last three  Disability* Unemployment * Retirement copy of any benefits applied for or receiving.

 (6) Listings agreement , copy of signed listing agreement, Purchase Contract, Copy of Accepted Offer, Net Sheet detailed Hud 1 statement of all lined expenses to closing, copy of the Marketing efforts, The bank needs copy's of the marketing done by the listing agent. I also provide the bank a report sold showing property sold by competing banks where they received less money then the sellers current offer. ( I will explain this in detail to you )

 This is the basic information the bank will request from you and your Realtor before they will give any reply on any purchase contract. I have several other forms, local real estate information documentation I use to help my clients as a Seller or a Buyer in getting the banks and mortgage companies to accept my deals.

 Call or mail me today, Lets talk, If a I can not help you?  I will tell you, you will always get straight talk from me!  Let my years of experience work for you!

I look forward to working with you !