SHERRI SCHWARTZ
HOMESMART
602 390-0083

Sherri Schwartz HOMESMART 3131 E. Camelback Rd Phoenix, AZ 85016 Office: 602 390-0083 Fax: 866 277-1792 sherri503@gmail.com

Typical Documentation Required For a Short Sale Package

 "What we do today, right now, will have an accumulated effect on all our tomorrows"  -Gen. Norman Schwartzkopf

This paperwork is not hard to deal with.  It is straight forward.  The seller will need to provide the following papers.

1. 2 months pay checks or write a note that they are unemployed. Self employed should provide a profit & loss statement for the quarter.
2. 2 month checking account statements.
3. Hardship letter ( These are brief and we have templates).
4. Your last 2 Tax Returns  (The first 2 pages of each return is all they need) - or sign a 4506-T tax authorization for the bank to get them from the IRS).
5. Fill out a standarized Monthly Expenses Statement including assets.

          Click for a Sample Expenses Statement

 The rest of the paperwork is supplied by the listing agent:

1. Listing Agreement
2. Purchase Agreement and all the addendums plus the buyer's pre-loan approval
3. Third Party authorization for the seller
4. The HUD "Statement of the closing costs on the sale"
5. Preliminary Title Report regarding all liens on the home.