Poway Short Sales
SHORT SALE TRANSACTION CHECKLIST
(Complete Package)
- Authorization to release information (Filled out and signed by Homeowner)
- Short Sale Negotiation Agreement
- A Copy of NOTICE OF DEFAULT (if applicable would have arrived via certified mail to homeowner)
- Any and all letters / notices received from lender(s) pertaining to delinquency (if applicable - homeowner)
- Bank Statements (Most recent 2 months front and back of all accounts - homeowner)
- Paystubs (1 month) -If Self-Employed most recent 3 month signed Income Statement (Homeowner)
- Termination letter, Social Security / Retirement / Disability Award Letter (if applicable - homeowner)
- Tax Returns (last 2 years). If unable to obtain please contact your CPA or The IRS (homeowner)
- Financial/Budget Worksheet (Filled out by homeowner with help of agent)
- Hardship Letter (Handwritten by homeowner)
- Current mortgage statement(s) (Homeowner)
- BPO / Property Value worksheet w/ 2-3 solid COMPS including photos (Agent)
- Purchase agreement (buyer / buyer's agent)
- Repair Sheet (If not by an inspection that is performed by buyer, list to be disclosed by homeowner)
- Submission form (Agent)
- Residential Listing Agreement (Agent, signed by Homeowner)
- Listing ticket from the MLS if not using SEL winform (Agent)
- New HUD1 / Closing Statement from escrow officer (Agent)
- Termite Inspection (Agent)