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Short Sales A-Z™ Online Class Chapter 18

Chapter 18
Short Sale Processing 4 – Short Sale Package

 

The short sale package is the set of documents a creditor (bank) requires in order to expedite and approve a short sale. This chapter shows exactly how to put together a short sale package approvable by creditors.

Objective:

  • The objectives of this chapter are to understand the requirements of the short sale package, learn how to best present the material, know what to include, what not to include, as well as the “dos” and “don’ts” of short packages.

Outline:

  • Opening contact with creditor
    • Creditor’s opening of negotiation
  • Creating a short sale package
    • Required documents
    • Financial statement
    • Hardship letter
      • Samples
    • Supplemental (optional) documents
    • Reasons
  • Use of short sale processing flow chart
  • Sample document analysis

Time:

  • 19:05 minutes

Short Sales Class Chapter 18-1

Short Sales Class Chapter 18-2

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Learn about each chapter of the
Short Sale A-Z™ video course.

Chapter 1 Chapter 2 Chapter 3 Chapter 4
Chapter 5 Chapter 6 Chapter 7 Chapter 8
Chapter 9 Chapter 10 Chapter 11 Chapter 12
Chapter 13 Chapter 14 Chapter 15 Chapter 16
Chapter 17 Chapter 18 Chapter 19 Chapter 20
Chapter 21 Chapter 22 Chapter 23 Chapter 24
Chapter 25 Chapter 26    

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