Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is involved in presenting a Short Sale to a lien holder?

April 26, 2017involved lien presenting sale short

0

Posted

What is involved in presenting a Short Sale to a lien holder?

1 Answer

0

Posted

Most lien holders have a ‘Short Sale Package’ ready for the seller once they are contacted with the request to sell short. A Short Sale Package is just a checklist of documents for ‘proof of hardship’, or in other words, proof the home owner is financially unable to continue making mortgage payments, has no money in the bank and has no liquid assets. Typical paperwork includes pay stubs, bank balance sheets, tax returns, ect.