Items you may need to submit with your request for a Short Sale:

1. Homeowner's Authorization Form Provided by Tom to homeowner then submitted to lender by Tom

2. Hardship Letter
Provide a letter detailing the events which have made it difficult for you to make your payments.

The letter must include the following:

1. The reason for the Short Sale request.
2. New addresses and phone numbers for all parties to the Note and Deed of Trust, if applicable.

3. Employment / Income Verification

Provide a copy of the last 2 paycheck stubs for each party that signed the Note and Deed of Trust. If self employed, provide an income statement showing the past 2 months of income.

4. Financial Overview Form

Click Here to print Financial Overview Form (detailing expected monthly expenses). Complete and include with your submission.

Must be signed by all parties to the Note and Deed of Trust.

5. Bank Statements

Provide a copy of the last 2 months of Bank Statements for all parties to the Note and Deed of Trust.

6. IRS Tax Returns

Provide a copy of the last 2 years of IRS Tax Returns for all parties to the Note and Deed of Trust.

7. Copy of the Listing Agreement Provided by Tom to lender

Provide a copy of the Listing Agreement, including the Realtor's fees/commissions.

8. Copy of the Sales Contract  Done when offer is received.

Provide a copy of the Sales Contract. Please be advised that no consideration will be given without an executed sales contract.

All contracts should be contingent upon acceptance by lender if the net proceeds of the sale are less than the loan payoff amount.

9. Settlement Statement or HUD 1 Done when offer is received.

Provide a copy of the Settlement Statement or HUD 1, also known as Net Sheet, showing the exact amount the lender will receive at closing and all parties receiving any form of a payout at closing.

Tom will provide and is completed by escrow.

10 Contact Information Submitted by Tom

Once the short sale process begins Tom is the primary contact and will provide information and property access.

**Nothing is this article should be construed as legal or financial advice. For legal/financial questions, seek a the advice of a professional advisor.