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Audrey James's Advice

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Audrey James wrote:

how does a short sale works

Answer
Here are documents required for your short sale package:Cover LetterAuthorization to Release InformationSellers Hardship LetterSeller's Financial information2 years w2's2 months pay stubs2 months bank statementsSupporting Hardship Info - HOA liens, medical/disability statements Repair Estimate for the propertyComparable sales for the propertyContractNet SheetFirst mortgage holder may ask for a payoff amount from the 2ndSecond mortgage holder may ask for a payoff amount from the 1stLender may ask for an Initial Title ReportFHA and VA may have their own forms and special requirements as well
March 26 2011
(0)

I reduced list price 2 times on MLS. Property still not move. No offer. What should I do?Minh Le

Answer
Possibly offer seller financing or have seller contribute to closing cost.
March 26 2011
(0)