Note that items may vary depending upon the lender.
- Cover Letter.
- Authorization to Release Information (pgs. 11)
- Sellers Hardship Letter (pgs. 12-15).
- 2 years W-2′s.
- 2 months pay stubs.
- 2 months bank statements.
- Supporting Hardship Info – HOA liens, medical/disability statements etc.
- Repair Estimate for the property (when necessary).
- Comparable area sales (see BPO on pg. 23).
- Listing & Purchase Contract(s).
- Net Sheet (provided by agent).
- First mortgage holder may ask for a payoff amount from the 2nd (obtain pay-off statement from lender).
- Second mortgage holder may ask for a payoff amount from the 1st (obtain pay-off statement from lender).
- Lender may ask for an Initial Title Report.
- FHA and VA may have their own forms and special requirements as well.
If you plan to work with a real estate professional and can have your last two years tax returns as well as past two months bank statements and pay stubs together with your hard ship letter and authorization to release information statement for them at your initial meeting you’ll give them a running head start and they will love you!