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

Sample Package for Cape Coral Short Sale

Cape Coral Short Sale Package

So you are thinking about listing your house as a short sale in Cape Coral and you’d like to know what documents your bank will ask for?

Most banks these days are asking for the following list. Keep in mind that some banks ask for more and some for less but this will provide you with a general idea of what will be required of you in order to submit a short sale package to your lender or lenders for review.

We’ll need a recent statement from each lender so we can verify your account #s and current balances/delinquencies.

We’ll also need to know about any liens or past due HOA dues, or other fees that will need to be paid at closing.

Hardship Letter – this must detail what happened to you to create a hardship where you can no longer afford to keep your Cape Coral house or property

Financial Statement – this will detail all of your monthly income and monthly obligations. We have a generic form we can provide to you or some lenders prefer to have this on their own form.

Authorization to Release – this will give us permission to speak with your lender in regards to your file. We handle all of the submission and follow up for you. Many lenders are now requesting authorizations to speak with your other lender as well.

Last 2 year’s tax returns – ALL Pages; and if you haven’t filed for some reason they’ll need some sort of explanation from you or your accountant. Also keep in mind that page 2 of the 1040 must be signed by all parties. If you e-filed they still want you to sign the copy to confirm that you are agreeing that the copy you are signing and sending to them is the one you actually filed. On top of that most lenders are now requiring a 4506-T which allows them access to pull your tax records. They do this to compare to make sure you are sending in the original copy. If you have filed an extension for the previous year they’ll most likely ask to see your extension and any/all W-2s or 1099s from the previous year and if self-employed a Profit and Loss Statement.

Last 2-3 month’s bank statements – ALL Pages from ALL Accounts! This is very important. You must include statements from every account you have.

Last Quarter’s retirement or other investment account statements – again ALL Pages from ALL Accounts will be requested.

Last 1-2 month’s paycheck stubs – for ALL borrowers from ALL jobs

Some additional documents that may be required for certain programs (such as HAFA short sales):
Proof of residency if you are still residing the home – recent utility bill works great for this

Some lenders have different requirements and additional in-house forms that you will need to complete as well. To expedite the process let us know up-front who your lender(s) is/are and we will send you the proper forms from the beginning so you don’t end up with so much paperwork to fill out.

We understand that this is a challenging time for you and strive to make it as simple as possible for you. With our short sale package and experience you’ll find that we can shave much time off of the ‘normal’ short sale process.

In our experience our Cape Coral short sales are getting approved within an average of about 45 days compared to the 120 day area-wide average from package submission. Some are approved much quicker and once in awhile we have one that seems to drag on for whatever reason.

We look forward to assisting you with your Cape Coral short sale. You’ll find that we have helped numerous families in our area to a successful short sale.

Always keep in mind that we cannot guarantee your outcome because we are still at the mercy of each individual short sale lender and of course the court system as well but we will do our best to achieve your desired result of a short sale to include a full release and satisfaction with waiver of all deficiency balances.

I hope this helps you with your short sale. 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

(239) 542-8521 Local


If you would like to speak with Susan after hours her personal cell phone# is 239-218-2229 or email her at Mail@susanmilner.com, she is never to busy to help you.

~ 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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