804 Nicholas Pkwy E., Suite 2, Cape Coral, FL 33990

Sample Financial Statement for a Short Sale Package

How to Complete a Financial Statement for a Short Sale Package

If you have thought about selling your house as a short sale I’m sure you have wondered what documents are necessary to submit to the lender for consideration. One form that is almost always required is known as a financial statement. A financial statement is just that. A statement of your current financial situation. In most cases the lender is looking for a couple of different types of information. Some lenders have their own forms that they want you to complete while others will accept any generic form ~ even one you hand write or type up yourself. Below we are going to go over a typical financial statement to give you an idea of what they will request.

Monthly Income & Expenses

First will be income. This should include any income you receive. Whether from your job, unemployment, social security or some other source.

Next, they will want to see all of your monthly expenses. Be sure to think about this one. Include items such as the following: Utilities (water, electric, gas), cable/internet, phone, home maintenance, groceries, entertainment expenses, clothes, child care, car expenses (maintenance, gas, car payment, insurance), medical expenses (prescriptions, Drs visits, insurance), credit card bills or other loans, and anything else that you pay each month.

Assets and Liabilities

The lender will want to see a list of the following: Any other real estate owned, stocks/bonds/retirement accounts, anything else you own of substantial value (gold bars, cars, boats, etc) and also any debts owed on these or any other items.

The lender uses this information to verify or determine hardship. If anything doesn’t match up they are going to ask why. So be sure to gather up all of your bills and assets prior to filling out your financial statement.

Also, note that if you live with someone else who shares in expenses but who is NOT on your mortgage you should explain this. And also, if someone else IS on the mortgage then their financial information should be included as well.

I hope this information assists you when you are compiling information to create your financial statement. Below is a sample form we offer to customers to help them. Many lenders have their own forms and most can be downloaded directly from their respective websites. Should you need assistance in finding them we’d be happy to help as we’ve completed short sales with all the major lenders and many other smaller lenders and banks as well.

I hope this helps you with your short sale and/or loan modification. Should you be interested in having us assist you with the sale of your property fill out the form for more information: Cape Coral Short Sale

You can read many more heartfelt short sale testimonials from our satisfied customers.

Take a moment to watch our videos on short sales, they may be able to answer many of your questions and take you step by step through the process beginning to end.

Yours in Success,

The Florida Future Realty Team




Ask for our information packet to be emailed directly to you or call our broker, Susan Milner, to have your specific questions answered!


After hours, call Susan Milner on her personal cell phone at (239) 218-2229 or email directly to Mail@SusanMilner.com


~ Before you decide to sell your house as a short sale we recommend you contact BOTH a CPA/tax professional & an experienced Attorney to discuss YOUR specific situation. Laws & guidelines change frequently and you want to be sure a short sale is in YOUR best interest! ~

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