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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    2005, An Independently owned and operated member of Prudential Real Estate Afliates, Inc.

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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 #: __________________________