Due to the amount of short sales arriving on desk of banks, it’s very important to keep organized and complete a short sale package completely.
The listing agent needs to collect the following from the homeowner(s):
After gathering all these documents, the property needs to be marketed properly and once an offer is received, the process can move forward.
The Short Sale Packet itself, includes the property address, borrower name, borrower phone number, borrower last 4 digits of Social Security Number, Loan number(s), Lender contact info.