Know in detail how each bank wants their package.
In doubt? Submit more, not less, and always confirm receipt.
Seven Critical Documents
1. Homeowner’s Authorization Letter- Send this first
2. Hardship Letter- Help homeowner draft it.
3. Short Sale Disclosure: Buyer, Buyer agent, Seller- Get them signed.
4.Initial Estimated HUD-1- Get fees established now.
5. Offer- Always include a preapproval letter.
6. Financial Statement- It must be complete
7. CMA- Should be trend-conscious.