I've called Sabdell and spoke with thier short sale department which seems to also be thier collection department?   In any case, I've searched sites and called the bank and no one can send a short sale package. Has any one dealt with this company/Bank?  What are thier requirements?  Where do I get the package?  Has anyone been able to speak with someone that can be helpful and knowledgeble?  The seller's mortgage began with Lydian bank, then Virtual Bank and now Sabadell. I need help. Please, if you have any experience with anyone of these banks mentioned, share it with me.  I can use your help on getting this short sale completed.

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  • Sylvia, Just send in a standard package. I wouldn't wait for them. Send in:

    1. Cover letter outlining the short sale
    2. 3rd Party Authorization
    3. Listing agreement
    4. MLS printout
    5. CMA
    6. Contract
    7. POF or prequal for the buyer
    8. HUD1
    9. Hardship Letter
    10. Financial statement.
    11. Bank statements
    12. Pay stubs
    13. Last 2 tax returns
    14. IRS 4506-T
    15. Dodd Frank Disclosure

    I'm sure if you send this in it's entirety and nicely labeled they will be thrilled.

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