Call (678) 985-1234 now for immediate answers to any of your Georgia Short Sale Questions…
Real estate is very costly for a lender. Lenders do not want to become property managers, they want to lend money. While the house is left vacant, the pipes may freeze throughout the cold winter months, the house could be vandalized, and usually the home will sell for much less than what it could sell for in the short sale process.
We are a team of real estate professionals who specialize in marketing pre-foreclosure homes for homeowners who are in this very situation. We work with your lender on your behalf to list and sell your home.
Your lender pays our commission and also your closing costs
You need to know that Georgia is toward the top of the list for number of foreclosures in the country and because of that, you must act quickly.
Required Documents to complete a Short sale
The first thing you should do to start a short sale process is call your lender and ask for the loss mitigation department and ask for a short sale package. Sometimes you must stop making payments for a month or two before your lender will begin to take you serious. Below is the package we must compile before your lender will even begin to entertain a short sale.
- Authorization to release information form
- Hardship Letter
- Financial Worksheet
- Listing agreement
- Copies of tax returns (last 2 years for everyone on the loan)
- Copies of all bank statements (last 2 months for everyone on the loan)
- Copies of pay stubs (last 2 pay periods )
- Signed purchase offer (The Stadler Group Home Selling Team will get)
- HUD 1 closing sheet
- CMA with pictures (The Stadler Group Home Selling Team will do)
- Application for Pre-Foreclosure sale program (Only if FHA , HUD form 90036)
- Homeownership counseling form (Only if FHA , HUD form 90038)
- IRS Form 4506T
