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Hard work and dedication You were extremely flexible and generous with your time while dealing with our last minute house hunting trips. Michael & Andrea Starr Read Quote > View All Quotes >
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About the Gilbert, Arizona Area Request my Free Chandler, Gilbert and Phoenix Relocation Package. It's packed full of useful and important information about the Chandler, Gilbert and Phoenix, Arizona area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out... It's my job to know EVERYTHING about Chandler, Gilbert and Phoenix! Ask me any question. Or request a FREE information package. There's no obligation, and I promise to get back to you quickly... 
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Short Sales >3. How to Prepare for a Short Sale
If a homeowner is facing foreclosure and wishes to explore short selling their home as an alternative, it is crucial to get help from a trusted real estate agent. With the agent’s help, this is how the homeowner will prepare to short sell their home: - Agreement. The homeowner must get the lender to agree to sell the home at a loss.
- Documentation. If the lender agrees to a short sale, the homeowner will need to provide documentation to the lender indicating that he or she is financially incapable of paying for the loan. It depends on the lender, but the documentation usually required can include:
- A hardship letter explaining why the homeowner is unable to pay the mortgage.
- Recent tax return forms, W2 forms, and/or 1099s.
- Recent paystubs.
- Financial statement detailing list of assets and liabilities.
- Consultation. The last thing a financially stressed homeowner needs is more financial stress. The homeowner should consult with an attorney to find out whether or not difference between what the home is worth and what the home sells for will be taxed.
- Communication. Everyone needs to communicate during this process. The homeowner needs to communicate with the lender to make sure the lender has everything needed to apply for the short sale. The homeowner and the lender need to be in constant contact with potential buyers to make sure they stick around.
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| Q |
Where was the actual location of the fictional Genovian Consulate in the 2001 Disney comedy, "The Princess Diaries"?
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| A |
The historic Doheny mansion, located on the campus of Mount St. Mary's College, near downtown Los Angeles. |
See More Real Estate Trivia > |
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Pete Dijkstra RE/MAX Infinity 2450 S Arizona Ave. #1 Chandler, AZ 85286 Phone: 480-812-9200 Fax: 480-760-2330 Email: homeinfo@anyazhome.com
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