Are you wondering what information needs to be included when submitting a short sale package to your lender? It’s important to work with a short sale expert to guarantee that you have all the information that is needed before you submit your short sale package. Ensuring that you have the correct information the first time around can make a huge difference in the timeliness of getting your short sale approved.

Most lenders work off of a checklist when it comes to verifying that all pertinent information is included in the file, so it’s best to obtain a copy of that checklist from a Las Vegas short sale expert. The downside to this is if you don’t have something that is on the checklist, it’s going to hold up the short sale process.

Some examples of what lenders request in the short sale package are: two months worth of recent paystubs, two years worth of federal tax returns, a snapshot of your financial situation, a hardship letter, a Dodd Frank form, and IRS Form 4606T. Some lenders also have specific forms that they require, which is why it’s important to work with an experienced Las Vegas short sale expert to make certain that you have all of the correct documents and forms. If the lender does require forms that are specific to their company, we recommend that you have your short sale expert verify that they are the current and updated forms. Some banks frequently update their short sale forms, so again, there’s one more thing that you need to be aware of when submitting your short sale package.

Essentially, the more complete your short sale package is when you initially submit it, the quicker your short sale transaction can be completed. Working with a short sale expert when submitting your short sale package can keep you from delaying the process and get you closer to financial freedom sooner.