6 Documents That Can Save You From Foreclosure

If the homeowner has exhausted all other options in dealing with the lender, a short sale may be the only option left to keep a foreclosure off of their record and allow them to purchase a new house in the next 1-2 years.

To begin negotiations with your lender, the lender must be provided with the following 6 documents in order for a short sale package to be acknowledged.

  1. Two years most recent Tax Returns, complete with all pages
  2. Two months most recent Pay Stubs
  3. Two months most recent Bank Statements
  4. Most recent copy of Mortgage Statement(s)
  5. A Hardship Letter, which must be handwritten
  6. Financial Information Statement

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