http://www.REIClub.com - Short Sale Packages Must Be Complete. Here Is A List Of Everything You Need To Complete A Short Sale Packet.<br /><br />What Is a Short Sale Package?<br />- All of the documentation needed to start a short sale<br />- Submitted by a real estate investor on behalf of a seller<br />- Only way to get approval from the lender<br /><br />What Is Included in Short Sale Packages?<br />- Authorization to Release Information<br />- Seller’s Hardship Letter<br />- Executed Listing Agreement<br />- Executed Purchase Contract<br />- Pre-approval letter<br />- Copy of the earnest money<br />- Financial Information<br /> - Assets<br /> - Liabilities<br /> - Monthly Expenses<br /> - Employment Information history<br />- Broker Price Opinion (BPO)<br />- Comparable Market Analysis (CMA)<br />- Estimated Net Sheet (HUD-1)<br />- Repair Estimates with Pictures<br /><br />How Should Short Sale Packet Be Submitted?<br />- Follow lender’s instructions<br />- Binder and Tabs<br /> - Cover letter<br /> - One tab for each topic<br /> - Organization<br />- Multiple parties involved so follow-up is key<br />- Avg Acceptance
