On behalf of Las Vegas Real Estate Resource we would like to thank you for considering us for your short sale. We know this is a very difficult and frustrating time for you and your family. Everyone at Las Vegas Real Estate Resource wants you to know that you are not alone and we will do everything within our power to help relieve some of this tension.
During this process you will continue to receive phone calls and letters from your lender(s), in regards to the loans (s). We will try and have that limited, however that does not always happen.
During this process you will continue to receive phone calls and letters from your lender(s), in regards to the loans (s). We will try and have that limited, however that does not always happen.
What is a short sale? A short sale is where an offer is made on the property, however the sale proceeds are less than the amount owed, with an inclusive of sale costs and other fees.
How does the short sale process works? A successful short sale commences with contacting the lender(s)to inform them that a short sale is desired. If the concept is acceptable by the lender(s) offers can be solicited. When a final purchase agreement is agreed to by seller and buyer, it can be submitted to the lender(s).
Also at this time (if not sooner) the financial information and other supporting documents required by the lender(s) can be submitted on your behalf. Around this time the lender(s) will likely contact you to set up an appointment for an appraisal or a broker price opinion. Upon approval from the lender(s) all parties will be notified to allow for a timely closing.
Also at this time (if not sooner) the financial information and other supporting documents required by the lender(s) can be submitted on your behalf. Around this time the lender(s) will likely contact you to set up an appointment for an appraisal or a broker price opinion. Upon approval from the lender(s) all parties will be notified to allow for a timely closing.
ITEMS WE MUST HAVE FROM ALL PERSONS ON TITLE:
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Current copy of mortgage statement from all lenders
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Current copy of all delinquency notices and or trustee's sale
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Hardship letter
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Property & Borrowers Information
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Financial statement
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Third-party authorization form
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Most recent 2-month pay stubs
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Most recent 2-month bank statements
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Most recent 2 years tax returns
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If self employed we will need 6 months P & L statement
- Most recent HOA statement showing current or past due amount (if applicable)
Please feel free to contact us by phone @ 702-868-7171 to set up a free no obligation consultation
Sincerely,
Las Vegas Real Estate Resource
is a registered service mark of the Prudential Insurance Company of America. Equal Housing Opportunity.