Getting started

This is the section for list of the paperwork you will need to successfully complete a short sale. Some of the paperwork needed (in no particular order):

·         Hardship letter — the lender puts a lot of weight in what you have to say. Make it sincere and real. DO NOT copy one from the internet. Just tell what your real hardship is i.e. job loss, medical issues, a-r-m adjustment etc.

·         Two months of bank statements. The most recent bank statements available. Typically printed from the bank website is just fine. Make sure they are complete. If the statement says there are 7 pages for that month print ALL seven pages.

·         Two months of pay stubs. If you are retired and your income is direct deposited and you don’t get statements use a letter to say that and make sure you provide the bank statements where your income is deposited. If you have no income a letter that states that is usually sufficient.

·         Two years tax returns. Some lenders do not require this but be ready to provide if needed. If you are self employed all banks will require this.

·         A current financial statement.   This can be done on a spreadsheet or check your lenders website to see if they provide one. It is just an accounting of your income and expenses. Make sure you include all of your expenses—the big ones like car payments, mortgage payments, credit cards etc. Also include the little things like medical bills, phone bills, cable, internet, food, gas, etc..

·         A letter of authorization for your Realtor.   This letter (which will be provided by your Realtor) allows them to talk to your lender(s) on your behalf. Due to confidentiality requirements this letter is very important to get your short sale done in a timely manner.

There are some other documents needed and they will be provided by Epic Real Estate Group at the time of contract.