For the next few entries I am going to explain the process to sell your home as a short sale. Not going into what a short sale is, but what is involved to get your home on the market and take contracts.
A bank short sale is a different animal both to take as a listing and to negotiate prices and Earnest Money agreements. The Bank must agree to allow the sale and we need to gather certain documents prior to the sale.
We will discuss the following documents needed:
• The Bank Authorization
• Seller Proposal Letter
• Seller Hardship Letter
• Seller Financial Worksheet
• Listing Documents
• Comparative Market Analysi
• Short Sale Listing addendums
Our next few entries will include these breakdowns. We will also discuss why it is good to go with a Realtor that has Experience with these types of transactions!
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