Short Sale and Loss Mitigation Requirements

Documents required from the Seller:

  1. Two most recent years of tax returns
  2. Three months worth of most recent bank statements (all accounts)
  3. One months worth of most recent pay stubs, or a profit and loss statement to date, if self employed. Evidence of other sources of income, such as unemployment, social security, pension, etc
  4. Mortgage Statements
  5. Brief description of the hardship
  6. Documentation associated with the hardship
  7. Authorization to communicate with the lender(s)

Documents required from the Realtor:

  1. Listing Agreement
  2. Listing History, if available
  3. Offer to Purchase
    4.  *Any questions, let me know!

Documents provided by the Title Company:

  1. Preliminary HUD-1 Settlement Statement
  2. Title Insurance Commitment

In order to initiate a process, click here to download our Welcome Letter, Consulting Agreement, Borrowers Authorization, and Seller's Acknowledgment and Disclosure.

IMPORTANT NOTICE: Loss Mitigation Consulting Services is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.