What do you need to do to short sale your home?
A short sale is the process of selling a house that is worth less than what the owner still owes the mortgage company or lender. Usually homeowners short sale their home to avoid a foreclosure.The short sale process can sometimes be difficult, and sometimes lenders will be hard to work with. However, usually the lender would rather work with you than have to foreclose and deal with selling the home themselves.
Looking to get a great deal on a home for sale in Henderson? Contact local experts at 702-509-1446!!
Call 702-509-1446 to get a FREE home evaluation for your home in Henderson, Boulder City, or Las Vegas!
A short sale will be a much more complicated process than a traditional Henderson real estate listing. There are a lot more forms and the sale will usually take at least twice as long as a traditional sale will. Here are a few things you need for a short sale:
-
Experienced Henderson short sale real estate agent
Contacting a certified short sale real estate agent, such as Anna and Michael Klinger at 702-509-1446, is the ideal way to start. An agent with experience in short sales will help you through the process and give you guidance on how to approach the bank. A expert Henderson short sale real estate agent will also help you figure out if there is any way you could still sell your home traditionally.
Want to receive a free list of Henderson Short Sales? Contact the Klinger Group to get your list today!!!
-
Proof of hardship
This can be a death certificate of one of the owners of the home, a divorce decree, proof of medical expenses, or other proof that your hardship is genuine. In addition to proof, you will also need to write your lender an official letter describing your hardship and reasons for needing to short sale your home.
Looking for an expert real estate agent? Contact the Klinger Group at 702-509-1446 now!
-
List of expenses
A mortgage lender is not going to let you walk away from your loan if you are making good money and have no major debts or financial hardships. Lenders usually have their own expenses form which you will have to fill out. This includes other debts, what you need for food every month, and other monthly expenses. Keep in mind, the bank will look critically at all your expenses, and you may want to cancel your platinum level memberships or Jelly of the Month Club before your bank looks through your expenses.
Interested in purchasing a Henderson short sale? Contact the Klinger Group at 702-509-1446!!!
-
Proof of income and expenses
You will also need to provide proof of your list of expenses and proof of income to show that you cannot afford to make your house payments. This will include bank statements, paystubs, bills, and whatever other proof the bank needs to understand that your list of expenses are correct and that you cannot afford to pay all your expenses each month.
Need a certified short sale real estate agent who specializes in Henderson real estate? Contact the Klinger Group at Nevada Desert Realty at 702-509-1446 to talk to their short sale specialist.
Keep in mind that every lender is different, and some require different forms or documents than others. In most cases all the documents and forms listed above will be included in addition to a few others. Your bank will let you and your real estate agent know what they need from you. Make sure that when the bank requests forms or documents from you, you complete them in a timely manner.
Michael and Anna Klinger have been real estate agents for 14 years. As certified short sale specialist and local experts, they are your best candidates for buying and selling short sale homes. Contact them at 702-509-1446 to find out more about the short sale process!!!
