11 Editable Short Sale Forms - $39.99

CMS realized the need for a standardized short sale forms submission package through our interaction with risk mitigation departments on a nationwide level.

Given the current housing situation and considerable number of pre-foreclosures risk mitigation departments are dealing with at any given time, you must make your submission stand out by being, detailed, organized and complete.

CMS’ $39.99, short sale forms package was developed with the assistance of the individuals that approve short sales for some of the largest lenders in the nation.

The downloadable package includes everything you need to submit a complete short sale package to the lender and greatly improve the acceptance rate.

From cultivating the lead, to submitting the offer, to closing the deal, all the pertinent documents are included in this package and are fully editable.

Documents and Forms Included
(Editable in MS Excel)

Homeowner Financial Statement

This form lists the homeowner’s income and expenditures in a balance sheet format. The Lender or lien holder requires the homeowner to qualify for a short sale similar to when the original mortgage was issued.

Repair Estimate

This provides a basic, but organized presentation of any needed property repairs. Includes a space for photographs, description of repair and estimated cost.

HUD-1

Why pay $50 for this one form? The HUD-1 form is required by the lender to estimate the total amount due to the lender after all costs. The form is completely editable and the columns total automatically.

Documents and Forms Included
(Editable in MS Word)

Professional Lead Letter

Professionally formatted letter designed to develop short sale leads. This should be sent to homeowners that have just received a notice of default, which is recorded on public records.

Initial Contact Form / Forms Checklist

This two-part form is designed to assist in qualifying the residence and homeowner. Notes regarding the property, liens and homeowners financial situation can be recorded in one place. The bottom of the form serves as a checklist to ensure a complete short sale package is submitted.

Authorization to Release Information

This form is required by the lender or lien holder for you to act as an intermediary for the homeowner.

Homeowner Acknowledgement

Numerous parties need to come to an agreement for a short sale to work. This form is designed to ensure the homeowner is aware that not all situations qualify for short sales and/or not all lenders will approve them.

Information Required From the Homeowner

This details the responsibilities and information the homeowner is required to provide for short sale consideration. This form saves a considerable amount of time by eliminating indecisive leads early in the process. If they don’t want to provide the information included in the form, they are not serious short sale candidates.

Cover Letter/Checklist

This form provides a summary of the documents being submitted to the lender for approval and can serve as your fax coversheet.

Summary Offer Statement

Complete short sale packages require a summary of the homeowner’s financial hardships that lead to their default. It should also summarize the terms of the offer and provide justification for the offer price.

Hardship Letter Overview

This form is designed to assist the homeowner in writing their financial hardship letter. Lenders require a detailed letter provided by the homeowner to qualify their financial situation for short sale approval. The homeowner needs to demonstrate they no longer can meet their financial obligations.

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