What documents do sellers need to prepare for a short sale? Most banks will require the following:
- Hardship Letter
- Financial Worksheet (Income / Expense worksheet)
- Two months most recent mortgage statements (all mortgages)
- Two months checking account statements (all borrowers if separate)
- Two months saving account statements (all borrowers if separate)
- Two months other account statements (all borrowers if separate)
- Last two paycheck stubs (all borrowers)
- Two years tax returns
Additional documents may be needed:
Any documents that will support the seller's financial hardship should be submitted. It can be Notice of Default, Death Certificate, Proof of Disability, Insurance Claims, Banktruptcy Discharge letter, etc..
Here's a sample hardship letter and a sample financial worksheet.
Please call or email us if you need a sample harship letter and/or financial worksheet.
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