What Information do I need to supply in my West Sacramento short sale package?

A great part of our success in getting West Sacramento short sales approved on average in 42 days is what we call the “perfect West Sacramento short sale package”. Now no one is perfect all the time, but having the right information in the right format at the right time can make all the difference in the world. You see short sale processors at the banks work off checklists and rarely work “outside the box” so to say. Common sense and logic rarely are an attribute of the bank short sale processor.

    

If it says pay stubs for both borrowers, they want to see pay stubs for both borrowers regardless of whether or not both borrowers even have pay stubs. In several cases we have written letters from the homeowner that one or the other borrower did not have paystubs because they were either unemployed, a stay or home more or other simple reason. The difference in knowing and not knowing what the bank is looking for makes all the difference in the world. Many banks also have their own specific forms they require and you need to make sure you are using only the most up to date. Usually the bank is going to want to see: Two years tax federal returns, two month’s pay stubs, two months bank statements, some type of financial recap, a hardship letter, a Dodd-Frank form and an IRS 4606T form. The cleaner package you can submit the sooner your West Sacramentos short sale gets approved.

For information on your particular situation or to get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation. Call me today and sleep better tonight; you’ll be glad you did