Paperwork and proper documentation are extremely important to the short sale process. Most lenders still require a "hardship package" that is completely filled out. To adequately prepare to short sale your home, your real estate agent will provide you with a list of documents you will need to gather.
In addition, all documentation that is required must be submitted as soon as you have an offer on your property. Sellers must be extremely cooperative with their agents and negotiators to be sure they have the best chance of getting approved. Throughout the entire short sale process, it is important that home sellers send bank statements and pay stubs to their real estate agent every month.
If you have questions about the short sale process or would like more information, please visit my website at www.TheRealEstateDr.com or give me a call at 1-800-921-1900 ext 2502.
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