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Short Sale Services

houseA short sale of a home can be a confusing, emotional process. Confusing, because the legal red tape is  and one wrong step can bring the whole transaction to a grinding halt. Emotional, because there’s a good chance the homeowner has found him- or herself in financial difficulty and a short sale is being considered in order to avoid foreclosure. Then again, emotion might not be a factor at all if the house in question was merely an investment property. Still, emotional or not, a short sale can be complicated, which is why it’s so important to receive reliable help and advice from Hillsborough Title.

Short sales involve a large number of entities and individuals, including a seller, a mortgage holder, a buyer, a mortgage insurance company, real estate firms, an escrow agent and others. Each party’s interests must be taken into account, and each step requires full disclosure to all parties involved. Negotiations can drag on for months as a lender decides whether to allow the short sale of the home or force foreclosure. Once the short sale has been initiated, the steps can seem endless. Toward the end, the homeowner will need to make sure these and other documents are in order:

  • Letter of authorization
  • Listing agreement
  • MLS printout
  • Purchase contract
  • Hardship letter
  • Bank statements from the past three months
  • Tax returns from the past two years
  • Pay stubs from the past three months
  • Estimated seller preliminary HUD
  • Buyer pre-approval letter within 60 days, or proof of funds for a cash offer
  • Financial statement

Hillsborough Title will work with all parties during the short sale of a home to make sure the process is as seamless and painless as possible. Contact us today to learn more, or to enlist our aid for the short sale of a home.

Call Us Today! 813-750-1669

Office Location
1505 S. Alexander St. #103
Plant City, FL 33563