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What information does a bank typically require for a short sale package?

November 15, 2010

What information does a bank typically require for a short sale package?

  • Last two years tax returns
  • Last two paycheck stubs for each borrower
  • Last two months checking statements
  • Last two months savings statements
  • Profit and loss statement year to date (if self employed)
  • Last two months business account statements (if self-employed)
  • Hardship letter (explaining the reason for the short sale request)
  • Financial statement (lists income and expenses for your household)
  • Signed form 4506 –T (allows short sale lender to pull tax return copies directly from the IRS)

I am a local real estate broker, attorney, Certified Distress Property Expert (CDPE) and Certified HAFA Specialist (CHS) and I specialize in short sales.  Contact me today at (805) 878-9879 for a free short sale consultation, or visit my website www.SantaMariaShortSales.com for short sale basics. 

Tni LeBlanc, Mint Properties
http://MintProperties.net
(805) 878-9879

* Those considering a short sale are advised to consult with their own attorney for legal advice, and their tax professional for tax advice prior to entering into a short sale listing agreement – this article does not offer legal and tax advice.

Copyright © Tni LeBlanc 2010 *What information does a bank typically require for a short sale package*

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