West Sacramento Short Sale Information – West Sacramento Short Sale Financial package

Looking for West Sacramento short sale information? You have come to the right place. Mike Rigley Certified Default Advocate, Distressed Property Expert and your short sale specialist here thank you for joining us. Today let’s talk about what the West Sacramento Short Sale Financial package looks like.

Now keep in mind each Servicer is a little different and it will also depend on who the investor is. Fannie Mae and Freddie Mac have different forms than FHA and VA and they all have different forms than a portfolio loan but they are all similar in these respects, the information must be updated and accurate.

So what is commonly asked for in a West Sacramento Short Sale financial package? Here is the general list:

• 2 months of your most recent pay stubs from all employers or a letter of explanation why you don’t have them. An example would be a homemaker who does not work outside the home would need to write a letter to that effect
• 2 months bank statement including all pages even if one is blank
• 2 years most recent federal tax returns with all scheduled and signed on page 2 of the form 1040
• 2 years most recent W-2’s or profit and loss statement if self employed
• An IRS form 4506T. This is the form authorizing the servicer to contact the IRS directly should they want to pull your tax returns directly from the IRS
• A financial recap for showing all your income and expenses. Many servicers have their own format or in the case of Fannie and Freddie use a form 710.
• A signed Dodd-Frank form stating you have never committed loan fraud. Now this is not always required but a god idea to include.
• Many servicers have their own specific West Sacramento Short Sale financial package that will need to be completed as well.

The key to a successful West Sacramento Short Sale is to have all our documents up to date and submitted as soon as you have an offer. Your West Sacramento Short Sale Specialist will guide you through this process. Because the West Sacramento Short Sale can take more than 30 days to receive approval be prepared to send your West Sacramento Short Sale specialist your updated pay stubs and bank statements as they come in

Is a West Sacramento Short Sale right for me ?

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 or for the latest West Sacramento short sale information. Call me today and sleep better tonight; you’ll be glad you did.