BRE# 00830131


Short Sales - Taylor Place Real Estate, Inc.

The short sale process can be lengthy. Taylor Place Real Estate /Triad Properties is here to help.  Katie Taylor has experience with over 40 lenders and the ability to work with your lender to present your short sale package.

Contact Katie to discuss your current situation so you can decide if a short sale is the best solution for you.

In order to present a short sale package to the lender, your property will need to be listed on the market.

Katie can determine a list price by completing an interior Broker Price Opinion (BPO). The BPO process will include an onsite inspection with photographs of the property to show the current condition. This will provide the lender with a reliable estimate of the fair market value of your home.

The goal is to present a complete short sale package the first time.  A complete and accurate package reduces lender response times and minimizes delays. To get started contact Katie Taylor.

Here is a list of typical documentation required by lenders (exact document requirements may vary):

  • Authorization letter:  letter from you authorizing Katie Taylor to work with the lender on your behalf.
  • Hardship letter:  letter from you explaining your financial situation and reason for the short sale request.
  • HUD-1 statement: preliminary HUD-1 statement provides the lien holder the estimated amount of proceeds
  • Financial statements:  two years of tax returns, two years of W-2’s or 1099’s, two months of bank statements, recent payroll stubs, unemployment benefit letter, and recent stubs, documentation of all financial assets (savings accounts, money market accounts, stocks, bonds, etc.)
  • Comparative Market Analysis (CMA) or Broker Price Opinion (BPO): we will prepare the necessary report to provide a reliable estimate of the fair market value of the home.

Contact Katie Taylor for more information on the process or to submit your short sale request:

Contact Katie Taylor