WHAT FINANCIALS DO YOU NEED TO PROCESS MY SHORT SALE?

SHORT SALES INCREASE PHOENIX, ARIZONA

Short sales continue to increase as homeowners cannot meet their monthly mortgage obligations due to job loss or a cut in pay. Many Americans have hit their limit and do no know what to do during this economic crisis. People have committed suicide because of no HOPE. Statistics say that 70% of the people that go into foreclosure do not contact their bank or any other professional to find out their options. That means people put their head into the ground thinking that everything will be OK and nothing will happen to them. WRONG!

Please visit my other blog that describes 4 OPTIONS FOR PEOPLE BEHIND IN THEIR MORTGAGE AND/OR UPSIDE DOWN IN THEIR HOME.

I have created a team to assist homeowners who really need assistance during these trial times. I have assembled a Short Sale Team that include Realtor, Licensed Realtor to negotiate the short sale, CPA, Real Estate Lawyer, Credit restoration company, and homes available for lease options. We ready for people who make the call. 

This is the financial information that we will need from the seller to initiate the short sale process:

 

  • Letter of authorization to handle short sale
  • Hardship Letter
  • 2 months Bank Statements
  • 2 years Taxes 2007 and 2008
  • 2 months pay stubs
  • 2 years W-2's
  • Mortgage statement for 1st and 2nd
  • Income letter if self employed

Short sales do take time to process because we have to convince the bank to sell the home when the homeowner owes more on the house than what it is worth. It is vital that you pick someone who has experience in this arena. Do not be afraid to ask questions about their experience or process? You still have a choice in who represent you during a short sale.

Americans helping Americans is my motto. We all need to work together to get through these hard times. Everybody deserves a second chance in life. WE are here SERVE.

HERE TO SERVE PHOENIX, ARIZONAMAKE THE CALL TODAY 480-303-1800 

Make the Call, Set the Plan, Do the Deal$!

Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities.  The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona.  You can listent to past shows, or stream on-line.

 

Phoenix Real Estate Resource Center

 

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Comment balloon 8 commentsHarry F. D'Elia • October 19 2009 12:43PM

Comments

Thanks for writing another informative blog post today. Best to you and your company

Posted by Eric Villaverde (DoubleTree Home Inspection Services L.L.C.) almost 10 years ago

I am here to serve. Thanks for the rain.

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (RentVest) almost 10 years ago

Having all the information at once is vital when sending in your package on a short sale. You must do the work for both sides to make it go smoothly.

Posted by Katiejo Franks (Real Estate and Beyond, LLC) almost 10 years ago

Having all the paperwork at once does make a difference in the deal. Love it

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (RentVest) almost 10 years ago

I have a couple friends going through short sale right now. They had to give over all their financials. One coulple the father lost the job. Hard times all over

Posted by Tim Green (Real Estate and Beyond LLC) almost 10 years ago

Please give me their name and I will see what we can do for them.

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (RentVest) almost 10 years ago

I am still learning about short sales and how to avoid the pitfalls. Great post

Posted by Stephanie D'Elia (Real Estate and Beyond LLC) almost 10 years ago

We obtain all the necessary info to send a complete package to the lender.

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (RentVest) almost 10 years ago

Participate