Thinking about doing a short sale? Already have your property listed with an agent for a short sale? I cannot stress enough how important it is for you to start gathering your paperwork. All mortgage companies require paperwork from you when submitting an offer for a short sale. Though mortgage companies differ on exactly what they need, there are the standard documents that they all want. If you don’t already, start putting all incoming bank statements and pay stubs in one place that is easily accessible. If you’re not sure where you stuck your tax return and W2s a couple of years ago – start looking! Most mortgage companies require your two most recent years’ complete tax returns and W2s. There are even a couple out there that want three years’ worth. Start thinking about your hardship letter and what you want to say to have as much punch in one page to explain your situation. Having all of your paperwork and documents ready when that offer comes in can save everyone valuable time!
Email this Share on Facebook Tweet Bookmark on Delicious Share on StumbleUpon RSS Feed

