The Essential Paperwork You Need for a Successful Short Sale

The Essential Paperwork for a Short Sale
The Essential Paperwork for a Short Sale

The Essential Paperwork You Need for a Successful Short Sale:

When it comes to short sales, the right paperwork is crucial for a successful transaction. The most important document is the hardship letter, which explains why the homeowner is unable to continue making mortgage payments. Additionally, the seller must provide their lender with financial statements, such as bank statements and tax returns, to prove their financial hardship. A purchase contract outlining the terms of the sale is also necessary, as well as an appraisal or comparative market analysis to show the property’s current market value. Finally, the seller must grant the lender permission to release information to the buyer’s agent and provide documentation of any liens or judgments against the property. Having all of these documents in order can streamline the short sale process and increase the chances of a successful outcome.

Colorado Home Foreclosure Prevention - COHFP

Arrange Free Housing Counsel – If the burden is too much to handle on your own, Colorado Home Foreclosure Protection (COHFP) can help.  We believe that during the initial home consultation, you’ll feel huge relief.  Happiness will start to set in immediately. Reach Out Today.

 

COHFP Can Help

  There will be many solutions that are discussed in person.  You’ll choose what works best.  Many can be put to use immediately, or within 30-days. 

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