When doing a short sale, you will need to obtain many documents to be submitted to the lender.  The paperwork that you will need includes:

• Most recent mortgage statements
• Two months of checking account statements
• Two months of savings account statements
• Two months of other bank accounts statements
• Last two pay statements
• Last two years tax return statements
• Hardship letter
• Financial statement

Your …

About the Process for a Short Sale Buyer

If you are thinking about writing an offer on a short sale, you must BE PREPARED FOR A LONG JOURNEY. Many of our buyers are willing to wait several months to get a decision on a short sale, but few are willing to wait months to find out that the answer is, "No". You can get a good home with a short sale, but you are likely…

Only if you want to pick the worst choice in a bad situation.  With a foreclosure, your credit will be severely impacted, security clearances can be challenged, your ability to finance ANYTHING in the future will be challenged, and the debt owed will not go away.  When you do a short sale in Virginia, or other states, you will most likely ALWAYS be in a better position.

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