Info from a Grand Rapids Short Sale Agent-What documents do I need to gather for my West Michigan Short Sale?
Grand Rapids Short Sales-What documents do I need to gather for my West Michigan Short Sale is a question many people ask. You have decided you don't want your Grand Rapids Home to Foreclose and have decided a short sale is the way to go. You have chosen an agent who is experienced in doing short sales in the West Michigan and Grand Rapids area. Before you call, many like to gather the documents they will need to do their short sale.
You need to understand that the banks want to know EVERYTHING. They may even ask for your first born—ok I am kidding there but they will want your entire financial history. Selling your Grand Rapids Home at short sale requires the bank to know everything about how you are sitting financially. To give them a clear picture of this, you will need to gather several pertinent documents. Collect the following documents and know you may need to update them regularly.
Last two year of taxes-Signed 1040’s with W2’s and any Extensions
Two months Most Recent Bank Statements
Two months Most Recent Paystubs or Proof of Income (Profit/Loss Statement or Unemployment)
Most recent Mortgage Statement (s)
Correspondence Regarding Mortgage Delinquency
These are the documents you should already have on hand to do your West Michigan Short Sale—all you will need to do is gather the information. For some this is easy because they are extremely organized but for others, this is something they will have to work at.
Our next blog will cover what expenses you need to consider and document in order for the banks to consider your Grand Rapids Short Sale.
Copyright © by Tami Vroma 2011* ALL RIGHTS RESERVED *Info from a Grand Rapids Short Sale Agent-What documents do I need to gather for my West Michigan Short Sale? *