Including: Short Sale Processing Document Check List; Short Sale Liability and Disclaimer Form; Disclosure and Consent Affidavit; Letter of Authorization & Release Form; Homeowner Information; Equator Portal Processing Authorization; Statement of Confidential Information;
While it’s not always required, having an attorney can help navigate the legal aspects of the short sale. It’s like having a guide in a unfamiliar city!
The timeframe can vary, but it often takes several months, sometimes up to six months or more. Patience is key here, like waiting for a flower to bloom.
Yes, a short sale can impact your credit score, but it’s generally less damaging than a foreclosure. It’s like choosing a smooth road over a bumpy one!
Yes, you can usually stay in your home while the short sale is in progress. Just remember, it’s like waiting for the baker to finish that last cake!
You typically need your mortgage statement, tax returns, and a hardship letter explaining your situation. Think of it as gathering your homework before a big test.
The process usually involves listing the home, getting an offer, and then negotiating with the bank to accept the lower amount. It's a bit like haggling at a flea market.
A short sale is when a homeowner sells their property for less than what they owe on their mortgage. It's like taking a 'haircut' to settle the score with lenders.