Short Sales

A short sale is when a property is sold for less than the balance of what is still owed as mortgage payments for a specific property. A Short sale can be very beneficial to the seller, and is a better option than foreclosure. A Short sale enables a seller (under Fannie Mae guidelines) to buy a new home in two years rather than five to seven years. In some cases, a seller will be eligible to buy a new home immediately. Short sales largely improve credit ratings for the seller.
 
Below is a list of all documents ‘Structure Title Services’ will need before conducting a short sale. If you have questions about a short sale, or its process please call Structure Title Services at 954-509-3752.
 

  1. TWO (2) YEARS TAX RETURNS (Years collected or needed )
  2. W-2’S AND / OR 1099’S
  3. LAST TWO (2) MONTHS PAYSTUBS (Months collected or needed)
  4. FOUR (4) MONTHS CURRENT BANK STATEMENTS (Months collected or needed)
  5. HARDSHIP LETTER
  6. CURRENT LIST OF MONTHLY EXPENSES
  7. LISTING AGREEMENT
  8. SALE / PURCHASE CONTRACT
  9. PRE APPROVAL LETTER OR PROOF OF FUNDS FROM NEW BUYER
  10. AUTHORIZATION TO RELEASE INFO TO STRUCTURE TITLE
  11. ADDENDUM TO PURCHASE / SALE CONTRACT FOR STRUCTURE TITLE

 
Please find below downloadable documents with more information to be completed. Please forward all correspondents and needed documents to:

Fax: (877) 503-7227

Email Structure Title Services: info@structuretitle.com

 
Short Sale Document Check List
Authorization to Release Information