In my last post we learned the definition of a short sale.  In this message we will learn a little about what you need to provide to accomplish a successful short sale.

I mentioned in my previous post that the key factors in a successful short sale are communication, cooperation and patience.  It is important for your real estate agent to communicate to you what is needed, how the process works and what to expect.  Your agent’s knowledge and your cooperation is the beginning of a smooth process.

Step One is compiling the necessary documents needed to start the short sale process. Some of the items you need to provide are:

• Copy of current statements for all lien holder against the property
• A hardship letter
• Proof of income for the past two months (typically copies of current pay stubs)
• Income and expense statements
• Copies of your last two years tax returns
• Signed authorization for your agent to communicate with your lender

Your agent will explain more in detail what these documents are during your first initial meeting.

For buyers who are wanting in on the short sale properties, remember, when your agent is searching for homes for sale in Twin Falls, they now have the option to search short sales in Twin Falls and outer-lying areas.

Tags: buying a home in Twin Falls, homes for sale in Twin Falls, search homes for sale in Twin Falls, short sales in Twin Falls, Twin Falls homes for sale

Posted on Monday, October 26th, 2009 at 1:59 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.