{"id":23303,"date":"2009-07-27T07:12:52","date_gmt":"2009-07-27T07:12:52","guid":{"rendered":"http:\/\/therealestatemango.com\/2009\/07\/27\/12-steps-to-a-short-sale\/"},"modified":"2019-04-23T20:55:56","modified_gmt":"2019-04-23T20:55:56","slug":"12-steps-to-a-short-sale","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/12-steps-to-a-short-sale\/","title":{"rendered":"12 Steps To A Short Sale"},"content":{"rendered":"

\"orchid<\/a>What is a short sale?\u00a0 How do I go about doing this?<\/h3>\n

I receive many inquiries from sellers who are getting offers that are lower than the mortgage they owe on their property.\u00a0 They ask me to put their home on the market saying to the buyers that this is a short sale.<\/p>\n

NOT SO QUICK!!\u00a0 A short sale needs much documentation and proof that you cannot add money to the sale price to satisfy the mortgage.\u00a0 You are basically asking the bank to take less than you\u00a0 owe and you have to show that you cannot make of the difference.<\/p>\n

Here are the\u00a012 steps to listing your home as a Short Sale.<\/strong><\/p>\n

    \n
  1. Hardship Letter<\/strong><\/span><\/li>\n
  2. Tax Returns ( last 2 years)<\/strong><\/span><\/li>\n
  3. W-2’s ( last 2 years)<\/strong><\/span><\/li>\n
  4. Bank Statements (2 most recent months)<\/strong><\/span><\/li>\n
  5. Payroll Statements (2 most recent months)<\/strong><\/span><\/li>\n
  6. Financial Statement<\/strong><\/span><\/li>\n
  7. Recent mortgage statement showing balances with loan #, monthly payment, name and address of all mortgage\/lien holders)<\/strong><\/span><\/li>\n
  8. Listing Agreement<\/strong><\/span><\/li>\n
  9. Sale and Purchase Contract executed by Seller and Buyer<\/strong><\/span><\/li>\n
  10. Loan Commitment\/Approval Letter received from Purchaser<\/strong><\/span><\/li>\n
  11. Preliminary Net Sheet (HUD-l) <\/strong><\/span><\/li>\n
  12. A Comparative Market Analysis<\/strong><\/span><\/li>\n<\/ol>\n

    It\u00a0 can be done!\u00a0 <\/strong>It takes effort and there have been many successful short sales.\u00a0 At the moment a great percentage of sales in the market, are short sales.<\/span><\/span><\/p>\n

    If you are thinking of doing a short sale, please call me and we can begin the process.<\/span><\/span><\/p>\n

    \u00a0<\/span><\/p>\n

    \u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    What is a short sale?\u00a0 How do I go about doing this? I receive many inquiries from sellers who are getting offers that are lower than the mortgage they owe on their property.\u00a0 They ask me to put their home on the market saying to the buyers that this is a short sale. NOT SO<\/p>\n

    Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"\n12 Steps To A Short Sale - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/12-steps-to-a-short-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"12 Steps To A Short Sale - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"What is a short sale?\u00a0 How do I go about doing this? I receive many inquiries from sellers who are getting offers that are lower than the mortgage they owe on their property.\u00a0 They ask me to put their home on the market saying to the buyers that this is a short sale. 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