Needed Items

*Required

Submitter

Submitter's Name*
Tracking/Submitter's Email*

Account Manager

Account Manager's Name*
Account Manager's Email*

Listing Agent

Listing Agent's Name
Listing Agent's Email

Selling Agent's Information

Selling Agent's Name
Selling Agent's Email

Escrow's Information

Escrow Officer's Name
Escrow Officer's Email

Property

Subject Property Address*:

Homeowner's Information

Homeowner's Name
Homeowner's Email

Buyer's Information

Buyer's Name
Buyer's Email

List Type

List Type*

Needed Items

Additional Notes Needed Items

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SHORT SALE LIST

RESIDENTIAL LISTING AGREEMENT (RLA) - This should be completed and include a beginning and end date for the listing to be held and should also be fully executed by all the appropriate parties
MLS SHEET / PRINTOUT - A print out should be provided of the property as it appears on the MLS (please provide the Agent Copy/Version)
PRELIMINARY TITLE REPORT - This is important to ensure that all lien holders are addressed by escrow as they need to appear on the HUD
MISSING LOAN NUMBER - At this time we have established at least one loan number. Please speak with the homeowner and provide all lien holder information.

WHEN AN OFFER IS ACCEPTED/RECEIVED:

WHEN AN OFFER IS ACCEPTED/RECEIVED:
LENDER REQUIRED ADDENDUM(S) (IF Applicable) - In many cases these days the lenders are requiring certain addendums to be signed in order to participate in the short sale. NOTE: In some cases this may be required to be notarized. Please review the documents attached for further details.
RESIDENTIAL PURCHASE AGREEMENT - Fully Executed (Initialed/Signed/Dated)
HUD - Estimate HUD is required for any offer to be reviewed. Must show the lender(s) what they are expected to net and what costs will be deducted from the gross offer.
BUYER'S PREQUAL - Required if the buyer is not all cash. This should be dated within the last 30 days.
BUYER'S PROOF OF FUNDS - When the down payment reaches over 10,000 often the lenders will require to see proof of the funds. We will need a bank statement or a letter from the Buyer's bank showing the funds availability. This should be dated within the last 30 days. The lender(s) will not accept the account activity online printout.
If Buyer is a LLC or Corporation please provide the "ARTICLE OF INCORPORATION/ORGANIZATION"
If Buyer is a Trust please provide "THE TRUST DOCUMENTS".
OPTIONAL SUPPORT DOCUMENTATION
COPY OF APPRAISAL (if applicable) or COMPARABLE MARKET ANALYSIS (CMA) - Please provide support for the offer submitted.
PROPERTY PHOTO - Varies on Lender to Lender. Required for any lender processing their short sales through Equator Account

OPTIONAL BULLET POINTS:

SAME AGENT NOTICE: RESIDENTIAL PURCHASE AGREEMENT - We received this item but we noticed that the agents are the same. Selling Agent and Listing Agent being the same may cause a reduction in the allowable commissions awarded by the bank.)
RESIDENTIAL PURCHASE AGREEMENT(RPA) W/WITH HAND WRITTEN SIGNATURES- We received a RPA that has been signed electronically by one or more of the parties. In most cases this may not be accepted and could be a cause for delay. We ask that this document be sent to those who electronically signed for a handwritten signature.
MLS SHEET LIST DATE AND RESIDENTIAL PURCHASE AGREEMENT(RPA)DATE TO CLOSE TOGETHER- We received a MLS sheet which showed a listing date that was within 10 days of the Purchase Agreement. At times, this maybe a cause for concern to the servicer that the property was not adequately marketed.
FINANCIAL STATEMENT DOES NOT SHOW HARDSHIP - We have received a financial statement at this time that does not depict the need for assistance. Please check with the homeowner if there are any outstanding expenses that were not included. NOTE: This may impact the client rate of success.

CLIENT ITEMS:

Letter of Hardship - Please provide a short, general description of what your hardship is. Please make sure to address the type of arrangement (Short sale, loan mod, etc.). Samples available upon request.
Proof of Income - Generally the last 30 days of pays stubs. If self-employed please read below.
Bank Statements for all personal accounts including all pages (if applicable if your statement says 1 of 6, we need all 6 pages - even the ones that include advertisements or are the backs of pages) to cover the three most recent months
Last two year's Personal Tax Returns (1040 and must include all Schedules) - Please sign page 2 (even if there is a stamp that says, "copy" or "client copy". This is a lender requirement. NOTE: If the most recent tax year has not been filed by April 15th we will require an extension and previous 2 years Tax Returns.

4506-T- This document is used by the lender to order a transcript from the IRS to match up to the Tax Returns submitted as part of the borrower's package. NOTE: Line 1-4 should match the Tax Returns that are being requested on line 9. If two years of tax returns are being requested and your filing status changed, such as in the case of a change of address, please make sure to provide a matching 4506-T for each of the years being requested. Line 6 should be filled out with the type of Tax Return transcript that is being requested and generally the lender will require Box 6A is checked off; It will be up to borrower to choose what box they check. Finally line 9 should clearly mark what years are approved to be requested in the format 12/31/YYYY. At the bottom it should be signed but not dated in case there is a need to resubmit to them in the future as they are only good for 90 days.

IF SELF-EMPLOYEED

IF SELF-EMPLOYED:
Profit and Loss Year to Date (If 1st QTR, submit Profit and Loss for the prior year (12 months) and please provide a Year To Date (YTD) Profit and Loss statement).
Bank Statements for all business accounts including all pages (if applicable if your statement says 1 of 6, we need all 6 pages - even the ones that include advertisements or are the backs of pages) to cover the period(s) included on the Profit and Loss.
Last two year's Business Tax Returns (Must include all Schedules) - Please sign page 2 (In some cases it may be page one. Sign it even if there is a stamp that says, "copy" or "client copy". This is a lender requirement. NOTE: If the most recent tax year has not been filed by April 15th we will require an extension and previous 2 years tax returns.
If any of the businesses that appear on your tax returns for the past two years are no longer operational we need that stated in a Letter of Explanation.
4506-T - This document is used by the lender to order a transcript from the IRS to match up to the Tax Returns submitted as part of the borrower's package. NOTE: Line 1-4 should match the BUSINESS Tax Returns that are being requested on line 9. If two years of tax returns are being requested and your filing status changed, such as in the case of a change of address, please make sure to provide a matching 4506-T for each of the years being requested. Line 6 should be filled out with the type of Tax Return Transcript that is being request for your business which corresponds to type of IRS form used when you file. Also, a box in 6A must be checked off; Generally lenders will require box 'A' to be checked. It will be up to borrower for their review. Finally line 9 should clearly mark what years are approved to be requested in the format 12/31/YYYY. At the bottom it should be signed but not dated in case there is a need to resubmit to them in the future as they are only good for 90 days.

IF PRIMARY RESIDENCE

IF THIS IS A PRIMARY RESIDENCE:
The homeowner may qualify for a government sponsored program that may provide incentives if they qualify. Not all Servicers Participate. Not all Investors Participate.
Proof of Occupancy - Utility Bill within the last 30 days
RMA (Request for Modification) - No matter what type of option we are applying for, even if this is a short sale, it is required in order to be reviewed for HAMP/HAFA or any other programs.

OPTIONAL BULLET POINTS

Most Recent Year's W-2 - This should be for all income earned in the previous year.
Most Recent Year's 1099 - This should be for all income earned in the previous year.
Most Recent Year's K-1 - This should be for all income earned in the previous year.
Tax Filing Extension- If the most recent tax year has not been filed by April 15th we will require an extension.
Personal Tax Return(s) (1040 and must include all Schedules) - Please sign page 2 (even if there is a stamp that says, "copy" or "client copy". This is a lender requirement. NOTE: If the most recent tax year has not been filed by April 15th we will require an extension and previous 2 years Tax Returns.
Social Security or Pension Awards Letter- Every so often, either yearly or quarterly, a statement is sent to you showing your benefits and the amount you will receive for a period of time. It generally includes an explanation of deductions. If you are not able to locate this document you may have to contact your local social security office to receive a copy.
Page 2 of the Last two year's Personal Tax Returns signed- Please sign page 2 (even if there is a stamp that says, "copy" or "client copy". This is a lender requirement. NOTE: If the most recent tax year has not been filed by April 15th we will require an extension and previous 2 years Tax Returns.
Signature Page of the Last two year's Business Tax Returns signed- Please sign page 1 or where required filer signature goes for the IRS (even if there is a stamp that says, "copy" or "client copy". This is a lender requirement. NOTE: If the most recent tax year has not been filed by March 15th we will require an extension and previous 2 years Tax Returns.
Hardship Letter Requesting Short Sale- We received a hardship letter but it is requesting a workout type different than the service we have been hired to perform. Please have the homeowner draft a new letter requesting a short sale and opting out of any other reviews should they wish to continue with this option.
Letter of Explanation for Inactivity of Business- We have received information that this business is inactive. As "inactive" it is different than being "closed" and your lender will often require you to still provide a Profit and Loss even if the Profit is zero (0) and the Expenses (Losses) are (0) leaving the Net is (0). That is all they want to see Profit, Expenses, and the Net (Many times totals will even suffice if applicable). This does not need to be provided by an accountant and can simply be put on a blank page with the name of the business, the period it covers, Profit-Expenses=Net, signed, and dated. It is important to provide a support document to this degree so we ask that you also write a letter of explanation.
Letter of Explanation for Closure of Business- We have received information that a business has been closed. Your lender will often require you to still provide proof of the closure such as a letter from the State Controller or any other supporting documentation. It is important to provide a support document to this degree so we ask that you also write a letter of explanation.
Letter of Explanation for Closure of Bank Statement- We have received information that the bank accounts may have been closed. Generally your bank will provide you documentation as such which will be required by your lender. If that is unavailable, it is important to provide a support document to this degree so we ask that you write a letter of explanation.
Undocumented Account Notice- We noticed that there are account transfers between accounts we do not have documentation for. Please see notes for additional details. Being that a transfer has occurred in the documentation that we received we would like to request a copy of that statement. If that statement is unavailable we ask that a letter of explanation be written to explain what was the purpose of this transfer.
UNIFORM BORROWER ASSISTANCE FORM (UBAF)- This is a standardized financial statement required by Government Sponsored Enterprises (GSE) in order to review your file for any assistance programs. This includes but is not limited to Loan Modifications, Short Sales, or other workout types.