Items Your Mortgage Lender Will Process

Here is a list of items needed by most mortgage lenders to help complete the process:

  • Letter of authorization allowing us to help process the short sale on your behalf
  • Hardship letter to inform how you have been affected by Family illness or injury Job relocation Job loss or significant income loss divorce or split of domestic partners Adjustment in mortgage payment or unforeseen increase in living expenseso Anything else life can throw at a person
  • 2 months pay stubs for each homeowner on the loan
  • 2 months bank statements, all pages, for all accounts
  • 2 years tax returns
  • Comparative Market Analysis
  • Listing agreement
  • Short sale purchase contract and all counter offers
  • Buyer’s LSR (loan status report) for the short sale process to show prequalification for purchasing the property
  • Short sale settlement statement from the title company showing how the mortgage lender’s net proceeds are affected after all short sale costs are paid

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