Do you owe more than your home is worth? Are you having trouble making your payments due to financial hardship like divorce, health issues, loss of job or cut of income on job?
Our Company the Lori Bowers Group has been doing many short sales in our area for over 3 years. We are very proficient in getting the short sales excepted by the banks at minimal hassles to our clients.
Here are 5 tips to help you get through this process:
1. Be sure you have a complete and accurate and professionally presented package. This really makes a difference for bank approval.
2 months bank statements
2 years tax returns
financial statement
hardship letter
The agent will provide the rest if the information - comparables,
2. Stay in constant contact with the bank- you and your agent. The squeaky wheel gets the oil.
3. Understand going in you may have to make a cash contribution to get the deal approved by the bank.
4. Keep your financial information updated. Bank statements and paystubs cannot be over 2 months old.
5. Try not to me emotionally tied to the outmcome. Most cases do work out.
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About Lori Bowers
The Lori Bowers Group is as diverse and dynamic as the Coachella Valley, itself! As quickly as the valley grows and changes, the group makes the necessary adjustment to keep ahead of the market