Cape Coral Real Estate Broker Associate Scott Slocum  

Cape Coral Real Estate What do I need for a Short Sale?

When you are ready to perform a short sale on your home you may be asking yourself "What financial information will I need to provide my lender to perform a Short Sale on my property?" Florida Future Realty Inc of Cape Coral FL has the answer to your question.  As a a proven leader in our community and the real estate industry when it comes to listing, negotiating, and successfully closing short sale properties for our customers our experience has shown us that your lender will require the following information from you at a minimum to start the process.

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The financial data required is very similar to that needed to apply and qualify for a traditional mortgage.  Even if you have already submitted this information to your lender as a hardship consideration, you will need to submit all of this information again.  This information will be required by your lender to even entertain/consider negotiating a Short Sale on your property.

1. Previous two months bank statements.
2. Previous months pay stubs.
3. Previous two years tax returns or schedules.
4. Hardship Letter explaining your present financial state.
5. Most Recent Mortgage Statements
   
6. Monthly profit and loss statement outlining all income and monthly obligations.
7. Credit Card / Cancelled Home Equity Loan checks if you have been making your mortgage payments by borrowing money on credit.

Keep this information at arms length throughout the transaction.  At anytime the lender may request updates copies of this information and time is of the essence.  Unfortunately lenders at times are looking for reasons to deny files due to timeliness.  At Florida Future Realty Inc. we strive to be ahead of time with all requests from your lender.  Be mindful that your lender may request additional documents in the future.  Speed is of the essence at the time of these requests.

CONTACT US TODAY TO GET STARTED ON YOUR HOME or PROPERTY - We will send you the information and forms needed for us to start the process of assisting you with performing a Short Sale on you home, condominium, or property.

ARE YOU AN INTERESTED BUYER? Follow this link for more information about buying a Short Sale/Pre-Foreclosure property.  By following this link you can search for foreclosures, pre-foreclosures, short sales and other competitively priced properties throughout our market area.  Follow this link to be added to our list of foreclosures, pre-foreclosures, and short sale notification list.  Once you're on the list you will receive updates as we place new properties on the market for sale and assist on sellers in getting their properties SOLD !!!

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ADDITIONAL QUESTIONS FROM BUYERS OR SELLERS ? Contact me here for additional information or by calling me direct at (239) 340-1384.

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Scott Slocum, REALTOR
Licensed Real Estate Broker Associate
Florida Future Realty, Inc.
2816 Del Prado Blvd South Unit 2
Cape Coral FL 33904
Direct:  239-340-1384     
ScottSlocum@FloridaFutureAgents.com
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"Copyright © 2008 by Scott Slocum. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed without the written consent of the author.