Short Sale Requirements - 5 Documents to Bring

When you are about to go through the short sale process, there are a number of documents that you will need to bring. Since the short sale process is fairly complicated and involves multiple parties, there are a few different things that you will need to bring. Here are a few of the more important documents to bring. 

1. Sale Agreement

The sale agreement is necessary during the closing process. It will require your signature, the buyer's signature, as well as the terms of the sale. 

2. Hardship Letter

The hardship letter is an integral part of the short sale process. You need to explain in detail the reasons behind not being able to pay your mortgage. You need to convince the lender that things have been very bad for you lately. 

3. Financial Statement

You will need to bring a statement that shows your entire financial situation. It needs to display your assets, your liabilities, and any other financial information that is pertinent.

4. Bank Statements

They will also want to see that you have your two most recent bank statements. This will allow them to see if you are hiding any money that could be used for your mortgage. 

5. W-2

They will require your two most recent W-2's so that they can see if this has been a sustained financial problem that can only be solved by a short sale. 

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