Documents typically required for a short sale file to be submitted

Below are just some of the documents lenders are likely to require when we submit a short sale file:

Financial Information

• Tax information
  • Two most recent 1040′s
  • Two most recent W2′s
  • 4506t
• 60 days of current bank statements (Updated every 30-60 days)
• 30 days of current pay stubs or commission check stubs (Updated every 30-60 days)
• If self employed-pay stubs or YTD profit and loss statement
• Monthly budget/financial statement 

Hardship information

• Hardship letter
• Any docs supporting the actual hardship

Mortgage & Other Relevant Property Information

• 1st Mortgage statement
• 2nd Mortgage statement if applicable
• Recent Real Estate tax bills
• Recent condo/HOA association bills if applicable
• Any unpaid tax and hazard insurance bills

Other Pertinent Documentation

• Authorization form
• Short sale disclosure
• Dodd/Frank
• Listing agreement/CMA
• Offer/P and S
• Listing/pricing history
• Buyer proof of funds letter or Pre Approval letter