Recently, we’ve had requests to put together a list of items that will typically be required by the bank when reviewing a borrower’s request for a real estate short sale.
Let me preface the information that will provide by saying that before you decide that you want to go through the process, you should contact an attorney and an accountant to determine if the short sale route is right for you. Now, every bank, and every borrower/seller, and every situation is different, so the list that we have come up with may not fit every situation – there may be more documentation required from the borrower – so, if nothing else, it will suffice as a minimum requirement in some cases, but a fulfillment of the requirement in most cases.
Again, every situation is different, so if you are in a short sale situation and have any questions, or if you are a real estate agent and would like some advice on the process, feel free to call us.
Here is a link to the Client Resources section of our website. When you are there, just click on Real Estate and look for the Short Sale Checklist toward the top of the list.
Filed under: For Sellers, Properties Tagged: | blog, checklist, phoenix real estate, seller information, short sale
