Short Sale

Because of the market crash, many homeowners find themselves in a difficult position. Some has lost their job, some has their income curtailed, and some just could not afford to pay for their mortgage. It is though selling your home especially if your loan is more than the current value of the house. This is where a short sale could help you get out of the mortgage and let the bank decide to accept offers below your mortgage principle. Please contact us for a sit down to explain more in details.

Here are some requirements needed in order to do a short sale.

• Bank's required forms
• 2 months of bank statements
• 2 months pay stubs(or profit and loss statement)
• 2009-2010 tax returns
• Hardship Letter
• Financial Worksheet
• Contract Offer
• Listing Agreement