DocumentsNeededShortSale
Grand
Rapids Short Sales-What documents do I need to gather
for my West Michigan Short Sale?
Grand Rapids Short Sales-What documents do I
need to gather
for my West Michigan Short Sale is a question many people ask. You have decided you don't want your Grand Rapids Home to
Foreclose and have decided a short sale is the way to go.
You have chosen an agent who is experienced
in doing short sales in the West Michigan and Grand Rapids area. Before you call, many like
to gather the
documents they will need to do their short sale.
You need to
understand that the banks want to know
EVERYTHING. They
may even ask for your
first born—ok I am kidding there but they will want your entire
financial history. Selling
your Grand Rapids Home at short sale
requires the bank to know everything about how you are sitting
financially. To
give them a clear picture of this, you
will need to gather several pertinent documents.
Collect the following documents and know you
may need to update them regularly.
Last two year
of taxes-Signed 1040’s with W2’s and any
Extensions
Two months Most
Recent Bank Statements
Two months Most
Recent Paystubs or Proof of Income
(Profit/Loss Statement or Unemployment)
Most recent
Mortgage Statement (s)
Correspondence
Regarding Mortgage Delinquency
These are the
documents you should already have on hand to
do your West Michigan Short Sale—all
you will need to do is gather the
information. For
some this is easy
because they are extremely organized but for others, this is something
they
will have to work at.
Our next blog
will cover what expenses you need to consider
and document in order for the banks to consider your Grand Rapids Short
Sale.
Copyright
© by Tami Vroma 2011* ALL RIGHTS RESERVED *Grand Rapids Short Sales-What
documents do I need to gather
for my West Michigan Short Sale?
*