Mike Rigley Certified Default Advocate,
Distressed Property Expert and your short sale specialist here thank you for
joining us.
The Bank of America Short Sale Package. So what goes
into a good Bank of America Short Sale Package or any Short Sale package for that matter? Now many
banks like Bank of America, Wells
Fargo, Ocwen and Chase have
their own specific forms and format the West Sacramento Short Sale package is pretty
standard. There are deviations if it is a HAFA Short Sale or a Fannie or Freddie
Short Sale but the basics are the same.
In addition to the
lender specific Short Sale application, generally what is
required in a Bank of America Short Sale package is two
years tax returns, two months of your most recent paystubs, two months of your
most recent bank statements, a hardship letter describing the reason for the Bank of America Short Sale, a financial statement
showing your income and liabilities, an IRS form 4506T, and depending on the
loan type and West Sacramento Short Sale type you may also
need a form 710, RMA or a Dodd Frank form stating you have not been convicted
or felony larceny, theft, forgery, fraud, money laundering or tax evasion in
the last 10 years. The form 710 and RMA are similar but different in that each
is a government form asking for the same information in a different format. You
normally don’t need both in the same Bank of America Short Sale.
While this all sounds
overwhelming, it’s really not all that bad. The key is to turn in a near
perfect Bank of America Short Sale package from the
beginning and the negotiations will go much smoother
Is a West Sacramento Short Sale Right for Me?
Give me a call and let’s find out.
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.
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