If a short sale seller purchased the home when single but is now married, can he get through a short sale by providing information only on his own income and assests?

My seller bought while single, married, lost his job, moved with his wife to Texas.  If his Oregon home (1.BofA, 2.Bank of New York) is sold as a short sale, can he provide only income and asset info on himself?  Or must he include his wife?
Can I leave her out of the package?

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He's the only one on the loan so he's the only one you need to submit financials for Jim! Been in the same situation multiple times and this is how it was handled. Got'em closed too! ; -) Easy day!
I did a short sale recently (also in Oregon) with Charles Schwab as the only lender and the loan and the title were only in the husband's name, so all the financials I submitted were for him only. However, after a negotiator was assigned, she called the borrower and asked for the wife's financials. Why they wanted that is still a mystery. Go figure! But they approved the deal anyway, and the house sold for less than half what the loan balance was.
It has been my experience and I have done many short sales and to this date I have ONLY had to provide the income of the person that is on the note. Personally my husband and I were my very first short sale and he was the only one on the note and I was not taken into consideration and we did not use my income or assets. I also just finished one with Litton services that was exactly as you described and the girl was single and then married and we ONLY used her income to qualify and it went very smoothly. It is the same way in bankruptcy, if one in a marriage declares bankruptcy without including the spouse her things are not taken into consideration.
Actually as I am thinking about it I think more of mine than not were with only one of the spouses being on the note. So if anyone else has had a different experience may they could pipe in.
If he is the only one on the loan- only his financials are to be looked at by his short sale lender.
She should have a separate account- that makes it look even better:)
I was hoping someone would say that!!!!! go Katerina

Katerina Gasset said:
If he is the only one on the loan- only his financials are to be looked at by his short sale lender.
She should have a separate account- that makes it look even better:)
We were told by a lender, at least in CA, if they were married and filed joint returns, then she is most likely going to have to provide her income, her credit will be affected etc. I wonder if it matters what state you are in?
Thanks for the responses. Having separate accounts now sounds like a good hint.

Sounds like community property laws might apply? We have none here.
I have had the same situation and only used the distressed persons information.
I have had this same issue 4 or 5 times...

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