Financial Information |
As you may know, the banks require a Hardship in order to entertain a short sale. Hardships may include but are not limited to: loss of income, loss of job, divorce, job relocation, severe illness additions to the family, too much debt, failure of business, etc. What is the reason you want to short sell your home (Hardship)?
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Are you current on your mortgage payments?
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What are your estimated current monthly payments, including taxes and insurance?
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What is your household monthly income?
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What are your estimated monthly expenses besides mortgage?
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What kind of mortgage do you have (Conventional, FHA, VA, etc.)?
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Have you attempted a Loan Modification in the recent past?
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Are there any significant repairs that need done on your home?
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Do you owe any backed property taxes?
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Are you aware of any other liens on the property besides the mortgages?
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