Short Sale Checklist
There are things we need to know to see if you qualify for a short sale....please answer the questions below.
- Is your home currently on the market? If so, do you have it listed with a real estate agent?
- Who is your mortgage company / lender?
- What kind of loan do you have? (FHA, VA, Conventional, Home Equity, Etc.)
- Is there more than one mortgage lien on your property (2ne Lien, 3rd Lien, Etc.) If so, who are the lenders on the other liens?
- How many months behind on payments are you?
- When did you purchase your home?
- How much did you originally pay for your home?
- How much do you currently owe? (check your latest mortgage statements)
- Have you taken out a home equity loan? If so, when?
- Who is on title to the property?
- Who is on the note? (husband, wife, parent, relative, co-signer, etc.)
- Where is your home located? Address?
- Describe your home for me?
- Are you living in the property? If no, where are you currently living? Are the utilities still on at the property?
- Are you current on your utilities? What about the Homeowners Association (HOA) dues? If not current, how much is owed?
- If the situation is related to a divorce or seperation, has the other spouse moved out? Will the other spouse be cooperative in signing paperwork?
- Are there any outstanding judgments and/or liens that you are aware of?
- What is the condition of the property?
- What correspondence have you received from your lender? Certified Letters? Notice of Default? Notice of Acceleration? Notice of Foreclosure Proceedings? What is the date of the last correspondence?
