Short Sale Seller Advisory Information is a document that outlines the details of a short sale transaction for the seller. It provides information about the impact of the short sale on the seller's credit, taxes, and other liabilities. It also explains the short sale process, including the roles and responsibilities of the seller, the lender, and the real estate agent. Additionally, it outlines the timeline, the costs involved, and any potential risks associated with the transaction. The most common type of Short Sale Seller Advisory Information is the Short Sale Authorization Form, which is provided by the lender and must be signed by the seller before the transaction is approved. This form typically outlines the terms of the transaction, the seller's responsibilities, and the lender's rights. It also outlines the timeline of the transaction, including the dates when the short sale is expected to be approved and when the closing will take place. Other types of Short Sale Seller Advisory Information include financial disclosure statements, tax forms, and other documents related to the transaction. These documents provide the seller with detailed information about the impact of the transaction on their financial situation. They also provide information about the potential risks associated with the transaction, such as the potential for the lender to pursue a deficiency judgment against the seller.
Short Sale Seller Advisory Information
Category:
State:
Multi-State
Control #:
US-RE-A-50101-1
Format:
Word;
Rich Text
Instant download
Description
These are sample documents to assist with the sale of a residential property. Documents include: "Prepare Your Home for Market", "Why work with a Local Realtor", "Helpful Moving Tips", "Area Service Providers", "Customary Closing Costs", "Glossary of Terms", and "Short Sale Seller Advisory". Sample Documents to normally accompany the Loan Status Update (LSU), Pre-Qualification Form, Buyer Attachment, Residential Resale Real Estate Purchase Contract, Residential Seller Disclosure, Residential Seller's Property Disclosure Statement (SPDS)
Short Sale Seller Advisory Information is a document that outlines the details of a short sale transaction for the seller. It provides information about the impact of the short sale on the seller's credit, taxes, and other liabilities. It also explains the short sale process, including the roles and responsibilities of the seller, the lender, and the real estate agent. Additionally, it outlines the timeline, the costs involved, and any potential risks associated with the transaction. The most common type of Short Sale Seller Advisory Information is the Short Sale Authorization Form, which is provided by the lender and must be signed by the seller before the transaction is approved. This form typically outlines the terms of the transaction, the seller's responsibilities, and the lender's rights. It also outlines the timeline of the transaction, including the dates when the short sale is expected to be approved and when the closing will take place. Other types of Short Sale Seller Advisory Information include financial disclosure statements, tax forms, and other documents related to the transaction. These documents provide the seller with detailed information about the impact of the transaction on their financial situation. They also provide information about the potential risks associated with the transaction, such as the potential for the lender to pursue a deficiency judgment against the seller.
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