If you have looked at all your options and you have no choice but to short sale then here are a few things you should have ready as the lender will ask for them.

1) have your proof of income and assets ready.

2) have copies of your bank statements ready.

3) have a realtor do comps (comparative market analysis) for you on your home.

4) have your purchase agreement and listing agreement ready.

5) Most banks will have a short sale package on their web site somewhere. Call or look for that and fill it out so you are ready when you have to hand everything in together.

Now, if everything goes well, the lender will approve your short sale.  This is a long and tedious process but it is far better than walking away and/or foreclosure.

If you have further questions or are ready to list your home, contact me and we can discuss this further.

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