Short Sale Information
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I will give you a detailed explanation of the Short Sale Process and answer any questions you may have FREE.
Real Estate Short Sale
Do you owe more than your home is currently worth and you need to sell your home?
If so, a short sale may be a possible solution for you.
What is A Short Sale?
A real estate short sale is when you owe more on your property, then what the current value is for, but you need to sell. A real estate short sale is where your mortgage lender will accept a pay-off that is less than you currently owe and you do not have to pay the difference.
What is Required for a Real Estate Short Sale?
In order for a seller to get a real estate short sale started, you must list your home for sale with a real estate agent, you can not sell your home for sale by owner for a short sale. During the listing period, you will need to provide documents so that we may package a real estate short sale request to your existing mortgage lender.
SOME EXAMPLES OF DOCUMENTS THAT ARE REQUIRED FOR A SHORT SALE AND SUBMITTED TO YOU MORTGAGE LENDER:
*Last two years tax returns with W-2's and any tax schedules.
*Most recent two months of pay stubs.
*Most recent two months of bank statements for all your accounts, including retirement accounts, 401k.
*3rd party authorization letter.
*Hardship letter explaining why you are requesting a short sale.
These documents are sent in to your mortgage lender for the Short Sale Process and all info provided is strictly kept confidential.
If you owe more on your home, then it is worth and you need to sell your home, please contact me anytime regarding a possible short sale in the Cookeville TN or surrounding Middle TN area.