What Documentation is Needed to Initiate a Chico Short Sale?

November 30th, 2012 Categories: Chico Sellers, Short Sales

A common question: “What Documents do I need to give you to initiate a short sale on my Chico home?”

1. Third Party Authorization form.

2. Most Recent Two Years of Federal Tax returns (complete with all schedules) signed (page 2) to include your W-2 or 1099.

3. Hardship Letter signed and dated.

4. Last 60 days of paycheck stubs. If self employed, 12 months profit and loss. If not working, a written letter stating that you are not working signed and dated. If collecting unemployment, disability, social security (SSA Benefit Statement) or any other income, please provide documents.

5. Last 2 months of bank statements all pages even if blank.

6. Copy of your mortgage statement or statements.

7. Copy of your HOA statement if you have one.

8. Copy of any liens on property (sewer, trash, HOA, any other judgments).

9. Provide any bankruptcy, foreclosure, litigation documents.

10. Divorce decree, alimony, child support or probate documents.

11. Copy of a utility bill.

PLEASE TRY TO KEEP YOUR HOA, TRASH AND SEWER CURRENT! IF NOT CURRENT, PLEASE FORWARD THE CURRENT BALANCE DUE.