Short Sale Packet

Andrew W. Morris

Licensed Real Estate Broker Phone: (440) 427-0123Fax: (

866) 632-9006

andy@rtserve.com

SHORT SALE LISTING DOCUMENTS CHECKLIST

We need the following documents completed, initialed and signed in order to complete the sale of your home. Thefollowing is an explanation of what each document is for and the required action by each party regarding eachdocument. You can get more detailed explanations and video walk a video walk through of these documents atHTTP://iandymorris.com/package.

Miscellaneous fliers

- Explanations of, Your Short Sale On Time Guarantee, Centralized Showing Service,Listhub.com upgrades and a Short Sale FAQ. These are for your information and no signatures needed.

Borrower financial statement and copies of financial info-

When doing a short sale your lender will want acomplete short sale application filled out which is very similar to a the application you filled out to get your loan. Your lender will request the following documents which we need to submit with an offer. We ask that yougive us copies of these documents with the listing package so that that are no delays in submitting an offer when we receive it and that you have the best chance of a successful short sale. If you don't have a documentin this checklist please provide a separate signed and dated one or two sentence explanation letter for everymissing item.Included borrower financial statement filled outLetter explaining how you got into a hardship2 Months bank statements2 months pay stubs or other proof of income for 2 monthsLast two tax returns

Authorization To Release Information-

The agent needs this so he/she can dialogue with your bank, requestessential pay off information and if applicable negotiate a short sale.

Must be signed and fully filled out.Residential Property Disclosure Form

- By law you must disclose to the best of your knowledge every problem, lack of a problem or possible problem with your home. Every page

must be initialed

by both the buyer and seller and the last page

must be signed

by the buyer and seller.

Lead Based Paint Disclosure

- For transactions that the house is older than 1978, the seller by law must fillthis form out disclosing any knowledge or lack of knowledge regarding lead based paint in the home. It

mustbe signed

and

initialed

by the seller and the buyer when applicable. Most sellers end up initialing a)ii) (seller has no knowledge) and b)ii) (seller has no reports).

Realty Trust Services Consumer Guide to Agency Relationships

- This pamphlet explains the types of waysan agent can interact with a client. It explains the Ohio laws on agency as well as Realty Trust Services policyfor agency relationships. In order to work with an agent

you must sign

off that you have received it. Signingthis pamphlet does not commit you to working with an agent.

Agency Disclosure-

This form protects both the buyer and seller by disclosing what type of relationship your agent has with the seller and/or buyer. Signing this form just indicates acceptance of the disclosed informationand does not represent a commitment to work with an agent or firm. This form

must be signed

by both theselling party and when applicable the buying party involved in a transaction.

Short Sale Listing Agreement-

This agreement lays out the details of the agent’s employment by the seller.This is to protect the seller so he/she can know what to expect and feel comfortable that everything is inwriting. By law this must be signed by the agent. The

seller must initial page one and two and sign pagethree

.

POWERED BY

98% of home buyers usethe Internet to searchfor a new home.

(NAR 2007 Profile of Home Buyers & Sellers)

Our real estate company has an aggressivestrategy for attracting home buyers to ourlistings. By distributing your listinginformation, along with photographs, to a widearray of premier consumer Web sites, we makesure that we maximize every opportunity toattract qualified buyers to the table.

One in 3 buyers finds thehome they ultimatelypurchase on the Internet.

(NAR 2007 Profile of Home Buyers & Sellers)

38 million home buyerssearch the interneteach month for realestate information.

w w w. . .

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