Short Sale Application
Transcript of Short Sale Application
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8/9/2019 Short Sale Application
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1-800-789-4352x200 | www.JeffQuintin.comCape May & Atlantic County New Jersey
2005, An Independently owned and operated member of Prudential Real Estate Afliates, Inc.
SHORT SALE CLIENT CHECKLIST
ITEMS NEEDED
____ Copy o house keys or lockbox
____ Copy o Mortgage Coupons / Statements
____ Any recent correspondence rom lender or lenders attorney
____ Copy o any bankruptcy, petitions, discharges, or dismissals, divorce decrees, and loan modifcations
____ 2 months bank statements
____ Hardship Letter
____ Support or Hardship such as medical records, divorce decree, or a letter o termination
____ One month o pay stubs
____ HOA documents
____ Last 2 years W-2s/ 1099s and tax returns (signed)
Federal tax returns (last 2 years)You will only need the frst two pages o the Federal tax returns and only Federal tax returns are necessary.
I a client has fled their tax returns, but cannot fnd them, have your client call 1-800-829-1040, which isthe IRS automated tax request line and have them mail copies o their tax returns ree o charge.
COMPLETED FORMS
____ Client Inormation Form
____ Property Inormation Form
____ Lender Inormation Form
____ Authorization Release Form (one or each lender/lien holder)
____ Income Form____ Expense Form
____ Hardship Letter
____ Payo Request
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1-800-789-4352x200 | www.JeffQuintin.comCape May & Atlantic County New Jersey
2005, An Independently owned and operated member of Prudential Real Estate Afliates, Inc.
CLIENT INFORMATIONBORROWERName:
Date o birth: SSN:
Current address:
Other address(s):
Cell:
Work:
Fax:
Home:
E-mail:
Marital status: # o dependents: Ages o dependents:
Employer: Full or part time: Years on current job:
Employer address: Employer phone#:
Additional employer: Employer address: Years on job & positions held: Employer phone#:
COBORROWERName:
Date o birth: SSN:
Current address:
Other address(s):
Cell:
Work:
Fax:
Home:
E-mail:
Marital status: # o dependents: Ages o dependents:
Employer: Full or part time: Years on current job:
Employer address: Employer phone#:
Additional employer: Employer address: Years on job & positions held: Employer phone#:
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1-800-789-4352x200 | www.JeffQuintin.comCape May & Atlantic County New Jersey
2005, An Independently owned and operated member of Prudential Real Estate Afliates, Inc.
PROPERTY INFORMATIONSUBJECT PROPERTY ADDRESS: Assessor/tax parcel#:
Purchase price: $ Purchase date: Current value estimate: $
Has the proper ty been listed or sale recently? I so, or how long? Is the proper ty rental or owner occupied?
I so, are there current tenants?
Name (s):
Phone #(s):
Are the taxes current? Do you wish to stay in the home?
Are there any liens, assessments, judgments, etc. against the property other than your mortgages? I so, explain:
WHEN YOU SECURED THE LOAN FOR THE SUBJECT PROPERTY WAS IT DESIgNATED:
primary residence owner occupied investment second home
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1-800-789-4352x200 | www.JeffQuintin.comCape May & Atlantic County New Jersey
2005, An Independently owned and operated member of Prudential Real Estate Afliates, Inc.
LENDER INFORMATIONFIRST MORTgAgE:Lender Name: Lender phone#:
Loan#: Loan type: (Circle One)
Conventional FHA VA Other:_______________________________
Mortgage payment:
Including tax, insurance?
# o months behind: Which months are you behind? Total ____ ages?
Is a oreclosure date set? I so when is it? Lenders attorney & phone#(s):
Have you had a previous work out? Is so what are terms? I so when was it?
Was previous work out successully completed? Please explain:
Total arrears on this loan? Legal & late ees: Copy o mortgage statement
SECOND MORTgAgE:Lender Name: Lender phone#:
Loan#: Loan type: (Circle One)
Conventional FHA VA Other:_______________________________Mortgage payment:
Including tax, insurance?
# o months behind: Which months are you behind? Total ____ ages?
Is a oreclosure date set? I so when is it? Lenders attorney & phone#(s):
Have you had a previous work out? Is so what are terms? I so when was it?
Was previous work out successully completed? Please explain:
Total arrears on this loan? Legal & late ees: Copy o coupon or mortgage statement?
Yes - No
I certiy that the inormation I have provided above is truthul and accurate.
Client signature: _______________________________________________ Date: ________________________
Client signature: _______________________________________________ Date: ________________________
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1-800-789-4352x200 | www.JeffQuintin.comCape May & Atlantic County New Jersey
2005, An Independently owned and operated member of Prudential Real Estate Afliates, Inc.
AUTHORIZATION FORMThis orm will serve to acknowledge that the captioned mortgagor has authorized the Je Quintin Super Team withPrudential Fox & Roach, to act on their behal to resolve their mortgage problems including, but not limited to;work out programs, deed in lien or short sales and pay o fgures. This is in accordance with Title 24 o the CFR203.500 (HUD).
MORTgAgOR (HOME OWNER)
Borrower: ______________________________________________________________________
Co-Borrower Name: _____________________________________________________________
Property Address: ________________________________________________________________City: ___________________________ State: _____________________ Zip: ________________
Social Security o Primary Borrower: _________________________________________________
MORTgAgEE (LENDER)
Lender: _________________________________________________________________________
Contact with Lender: ______________________________________________________________
Street Address: ___________________________________________________________________
City: ___________________________ State: _____________________ Zip: _________________
Loan Number: ____________________________________________________________________
Lender/Other Phone #: _________________________ Lender/Other Fax#: _________________
Loss Mitigation Specialist: _____________________________________________________
Loss Mitigation Specialist: _____________________________________________________
Escrow Ofcer: _____________________________________________________________
Listing Agent: _Je Quintin, Listing Agent and/or Kristin Linderman, Listing Coordinator___
MORTgAgOR SIgNATURES
Borrower: __________________________________________ Date: __________________
Co-Borrower: _______________________________________ Date: __________________
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1-800-789-4352x200 | www.JeffQuintin.comCape May & Atlantic County New Jersey
2005, An Independently owned and operated member of Prudential Real Estate Afliates, Inc.
INCOME FORM BORROWER CO-BORROWERGross Wages: Gross Wages:
Est. Overtime Pay: Est. Overtime Pay:
Commissions / Bonuses: Commissions / Bonuses:
Pension: Pension:
Unemployment Income: Unemployment Income:
Child Support / Alimony: Child Support / Alimony:
Disability Income: Disability Income:
Rental Income: Rental Income:
Ssi: Ssi:
Other: Other:
Interest Dividends Interest Dividends
-Fed Income Tax: -Fed Income Tax:
-Fica -Fica
-State Income Tax -State Income Tax
-Other - Other
I. Total Net Income: Ii. Total Net Income:
Iii. Income (I + Ii):
I certiy that the inormation I have provided above is truthul and accurate.
Client signature: _______________________________________________ Date: ________________________
Client signature: _______________________________________________ Date: ________________________
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1-800-789-4352x200 | www.JeffQuintin.comCape May & Atlantic County New Jersey
2005, An Independently owned and operated member of Prudential Real Estate Afliates, Inc.
BANKRUPTCY INFORMATION
Chapter Type Attorneys Name
Filing Date Attorneys Phone #
Case Number Active Now? (Y/N)
Est. Discharge Date Home Included?
I certiy that the inormation I have provided above is truthul and accurate.
Client signature: _______________________________________________ Date: ________________________
Client signature: _______________________________________________ Date: ________________________
ASSET FORMREAL ESTATE ESTIMATED VALUE AMOUNT OWED NET VALUE
Primary Residence Address$ $ $
Property Address$ $ $
Iv. Total$ $ $
ASSETS BORROWER CO-BORROWER TOTALCash $ $ $
Checking Accounts $ $ $
Savings / Money Market $ $ $
Stocks / Bonds / Cds $ $ $
Ira / Keogh Accounts $ $ $
401k / Esop Accounts $ $ $
Collectables $ $ $
Other $ $ $
V. Total $ $ $
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1-800-789-4352x200 | www.JeffQuintin.comCape May & Atlantic County New Jersey
2005, An Independently owned and operated member of Prudential Real Estate Afliates, Inc.
Enter Total Income: Total O Section Iii And V: $
Enter Total Expenses: Total Section Vii: $
Enter Real Estate Net: Total Section Iv: $
Subtract Total Expenses From TotalIncome And Enter Dierence:
Dierence: $
Client signature: ___________________________________________________ Date: ________________________
EXPENSE FORMMONTHLY EXPENSES (ALL BORROWERS)
Mortgage/ Land Contract $ CREDIT CARDS Visa $
Other Mortgages/ Liens $ Mastercard $
Real Estate Taxes $ Discover $
Alimony Or Child Care $ Am Ex $
Auto Loan $ Other $
Auto Loan $ Other $
Boat Loan $ Other $
Furniture Loan $ Other $
Utilities ELECTRIC $ MEDICAL Doctor/Dentist $
Water / Sewer $ Pharmaceutical Drugs $
Food $ Hospital $
Hoa $ Other $
Other $ MISC Home
Phone
$
$
INSURANCE Auto $ Cell Phone $
Health $ Internet $
Lie $ Clothing $
Dental $ Cable Tv $
Homeowners $ Entertainment $
AUTOMOBILE Gas $ Vacation $
Parking $ Gits $
Maintenance $ Other $
Other $ Vii. Total $
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1-800-789-4352x200 | www.JeffQuintin.comCape May & Atlantic County New Jersey
2005, An Independently owned and operated member of Prudential Real Estate Afliates, Inc.
AUTHORIZATION AND ACKNOWLEDgEMENT
I obtained a mortgage loan secured by the above reerenced, mortgage property. I certiy that all the inormationpresented herein as well as attachments are true, accurate and correct to the best o my knowledge. I understandthat submission o this inormation in no way obligates my mortgage servicer, owner or my mortgage insurer toprovide assistance to me.
By signing this Financial Statement, I hereby authorize my mortgage servicer and/or mortgage insurer to order acredit report rom any credit reporting agency and, i deemed necessary, veriy current or previous employment,bank accounts, tax returns or assets.
I agree that is the fnancial inormation provided here is incorrect and such errors have inducted actions by themortgage servicer, owner o my mortgage or mortgage insurer that would have been taken had the true acts beenknown, I shall be liable or any and all losses or damages to those persons.
Borrower: __________________________________________ Date: __________________
Co-Borrower: _______________________________________ Date: __________________
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1-800-789-4352x200 | www.JeffQuintin.comCape May & Atlantic County New Jersey
2005, An Independently owned and operated member of Prudential Real Estate Afliates, Inc.
HARDSHIP LETTER OUTLINE
(REMEMBER LENDERS LIKE TO SEE SACRIFICE)
1) The First 3 or 4 sentences should be about how lie was when the house was purchased (or when the loanwas taken out).
2) The next ew sentences should talk about what changed or turned around that makes the hardship.
3) Explain all expenses you have eliminated, or example, cut o cable TV, cut o cell phones, eliminated outside
entertainment, no more long distance phone calls, cut back on ood costs by bagging lunches instead o eatingout, cut back on dry cleaning, have reduced utility expenses, no more pay-per-view cable TV, movies or any-thing else you have cut back on.
4) I you have gone or are scheduled to go on a budgeting class or a credit counseling company that specializedin helping reduce credit card debt, please be sure to mention it.
5) Please be sure to mention anything else you have done to help you get back on your eet.
6) The last 3 or 4 sentences should explain what lie is like now or you and that you have decided to selland do not want to stay in the home.
7) Remember anything you say in the hardship letter about what caused your delinquency needs to be verifed.Get any and all documents you can to veriy everything written in hardship letter about what caused yourdelinquency.
8) Thank them or their consideration and BE SURE TO SIGN THE HARDSHIP LETTER. Do not misrepresent,do not over exaggerate and TELL IT HOW IT IS.
HANDWRITINg IS REqUIRED AND PREFERABLY LESS THAN A FULL PAgE.
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1-800-789-4352x200 | www.JeffQuintin.comCape May & Atlantic County New Jersey
2005, An Independently owned and operated member of Prudential Real Estate Afliates, Inc.
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8/9/2019 Short Sale Application
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1-800-789-4352x200 | www.JeffQuintin.comCape May & Atlantic County New Jersey
2005, An Independently owned and operated member of Prudential Real Estate Afliates, Inc.
PAYOFF REqUEST
Prudential Fox & Roach Realtors Ofce: 609-398-JEFF (5333)5501 West Avenue Fax: 609-399-2790
Ocean City, NJ 08226
CLIENT NAME: ________________________________________________________________________________
PROPERTY ADDRESS: __________________________________________________________________________
To Whom It May Concern:
I/We hereby authorize E Real Estate & Loans, Inc. to receive inormation concerning the payo o mortgageloans(s), credit line loan(s), credit card account(s), and/or judgments.
This inormation is confdential and to be used or processing the sale o our home.
A photographic or carbon copy o this authorization (being a photographic o carbon copy o the signatures o theundersigned) may be deemed equivalent o the originals.
YOUR PROMPT REPLY AND RELEASE WILL BE VERY MUCH APPRECIATED!
Borrowers Signature: _______________________________________________ Date:_____________________
Co-Borrowers Signature: ____________________________________________ Date:_____________________
Borrowers Social Security Number: __________________________________________________
Co-Borrowers Social Security Number: _______________________________________________
1st Mortgage Company: ________________________________ Account #: __________________________
2nd Mortgage Company: ________________________________ Account #: __________________________