Short Sale Documents 2025

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The document outlines the requirements and forms needed for a short sale process, including necessary borrower documentation such as mortgage statements, tax returns, pay stubs, and financial statements. It specifies the information required from both borrowers and the property involved in the short sale. Additionally, it includes instructions for submitting these documents to a designated processor, Gabriela Hanson, along with contact details.

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Click ‘Get Form’ to open the Short Sale Documents in the editor.
Begin by entering the Property Address and Borrower's Name in the designated fields. Ensure accuracy as this information is crucial for processing.
Complete the Financial Worksheet section by detailing your income, expenses, and assets. This includes monthly income from employment, government benefits, and any other sources.
Fill out the Explanation of Hardship section thoroughly. Describe any changes that have affected your financial situation and provide dates for these events.
Attach necessary documents such as tax returns, pay stubs, and bank statements using our platform’s upload feature to ensure all required information is submitted.
Review all entries for completeness and accuracy before signing. Use our platform's tools to add your digital signature where indicated.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the difference between a quick sale and a short sale?

The real difference between a quick sale and a short sale boils down to control and approval: a quick sale is driven by the sellers urgency to close fast - often with cash buyers and fewer hoops - while a short sale requires lender approval to sell the home for less than whats owed on the mortgage.

Does the seller make money on a short sale?

Short sales typically do not provide cash proceeds to sellers. Instead, sellers benefit from avoiding foreclosure and potentially having their debt forgiven. Professional guidance is crucial in navigating the short sale process.

What is the difference between a long sale and a short sale?

While going long involves buying a stock and then selling later, going short reverses this order of events. A short seller borrows stock from a broker and sells that into the market.

Whats the most common alternative to a short sale?

Alternatives to Short Sale vs Foreclosure Loan Modification. A loan modification involves renegotiating the terms of your mortgage with your lender. Forbearance Agreements. Forbearance agreements allow homeowners to reduce or pause mortgage payments temporarily. Deed in Lieu of Foreclosure.

What is a short sale?

A short sale is an alternative to foreclosure, but because it is a sale, you will have to leave your home. If your lender or servicer agrees to a short sale, you may be able to sell your home to pay off your mortgage, even if the sale price or proceeds turn out to be less than the balance remaining on your mortgage.

How to make a short sale?

How to short a stock Apply and qualify for a margin account with your brokerage. Next, apply and qualify to add short selling to your margin account. Determine which stock you want to short. Place your sell order specifying it is a short sell. Once the order executes, proceeds are deposited in your account.

What is considered a short sale?

A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.

What are short sale proceeds?

Written by admin. Definition: The cash received from the short sale of a security. The interest return from investment of the short proceeds is usually divided between the short seller, who gets partial use of proceeds, and the securities lender.

Short Sale Documents 2025

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