If your property is located in Orange County, Riverside County , or LA County, we can help you short sale your home. For more information on short sales, please visit:
http://www.southerncaliforniashortsale.com/
Items Needed for Short Sale Processing:
· Current Proof of Income: should not be older than 60 days for all sources.
· Pay stubs: Pay stubs must be legible and include the mortgagor name or Social Security Number, pay dates, rate, and deductions.
· Profit and Loss: Must be for the last 90 days, signed, and dated by the preparer.
· Rental: Need a signed and dated letter from the renter or a lease agreement including payment frequency and amount.
· Non-Obligor income: If the non-obligor is contributing to the household with his income, need a signed and dated letter stating how much is being contributed monthly from the non-obligor.
· Child Support: Need a copy of the child support order or letter from the person paying child support that states the amount and how often it is paid.
· Bank Statements: Need copies of three months worth of bank statements.
· Social Security: Need current copy of award letter or if direct deposited.
· Hardship Letter – You need a brief explanation indicating the cause of delinquency. Lenders are usually looking for problems in the 3 Ms : medical, marriage, money.
This can be a separate letter or on the space provided on the Financial Worksheet.
This can be a separate letter or on the space provided on the Financial Worksheet.
· Completed Financial Worksheet: Completed, signed, and dated by all mortgagors.
· Last 2 Years Tax Returns
· Copies of Last Mortgage Statement (s)
· Third Party Authorization
