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**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. We are a homeowner advocacy group with more than a decade of helping homeowners and professionals with mortgage assistance negotiations. The information found on this page is for educational and convenience purposes only. The information found on this page should be considered as opinion and not fact based on our experience with lenders over 10+ years. Consult your mortgage servicer directly or a professional before using any of the information found on this site. If you are seeking an intermediary to assist you in getting help with your mortgage you may contact us at 888-934-3444 or via email at [email protected] for further review for a no fee, no obligation, consultation. If required you may be referred to a local professional or legal counsel for additional assistance with your mortgage. Please read through our Disclaimer page for additional details. We do not represent in any way any financial institution named on this page. If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Selene Finance Short Sale Application, Forms And Packages

Short Sale Package PDF

Take the first step to getting started on your short sale. Download Forms Here.

Next Steps

Find out what’s next. Make sure you cross every ‘T’ and dot every ‘I’.  No Mistakes!

Other Mortgage Programs

It may not be too late to try other options. We can review what’s out there.

Get Selene Finance Forms

Take the first step to getting started on your short sale. Download Forms Here.

Next Steps

Find out what’s next. Make sure you cross every ‘T’ and dot every ‘I’.  No Mistakes!

Other Mortgage Programs

It may not be too late to try other options. We can review what’s out there.

Are You Still Dealing With Selene Finance By Yourself?!

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?Are You Still Dealing With Selene Finance By Yourself?!?

Click To Be Connected To A Pro Near You.

Limited Time Offer Coupon!

FREE  Custom Selene Finance Strategy Session With A Selene Finance Experienced Team Member.

Limited Time Offer Coupon!

FREE  Custom Selene Finance Strategy Session With A Selene Finance Experienced Team Member.

Step 1: Selene Finance Short Sale Experts

Find out why no one knows more than we do.

Finding The Right Short Sale Agent

Finding The Right Agent

One thing to take care of the most is that you find the professionals who know what they are doing because although a short sale seems like a pretty common process but there there are very few professionals who know how to do the job properly.If you still can’t figure out where to turn to, we have got a great team of professionals nationwide to assist you. Click here to request a call from a short sale pro or call 888-934-3444. 

Get The Short Sale Listing On The Market

Get The Property Listed!

You will also have to get your property listed by working with a broker to keep the process running smoothly. You have to do this so that the property gets reviewed fairly. It is never allowed to just take an offer to the lender. Documents such as the MLS Listing and MLS History will be demanded as a proof that a property has been properly listed. Until this process has been completed you can not proceed further and the First of the documents that you will need for the process to go forward will be the listing agreement.

Pro Tip: Many lenders will require you to list for a minimum of 5 days and a weekend before accepting an offer.

NOTE:  Selene Finance may sometimes pre-qualify you for the short sale and even tell you to what to list the home as in some cases. They may even tell you to how much to list the home as. Know that all of this is misleading because when you get an offer they will still need to do a full and standard short sale review.

Step 2: The Short Sale Offer

Making an offer on a Selene Finance Short Sale is more than just a number!

Real Estate Short Sale Definition

What is a short sale?

When a property is listed for sale and the amount offered for it is not enough to pay off the debts taken against the property then in this case this short sale will be called as a short sale. Selene Finance cannot review your application unless you have an offer on the property. The lender will need to see what is the net amount that you will make them in the end after all the closing costs have been deucted from the offered amount. This includes Past due taxes, non-recurring closing costs, attorney fees, settlement fees, title fees, and anything else that may apply are all included in it.

Best Short Sale Buyer

Find The Right Buyer For Your Short Sale

Strong Short Sale Buyers

Patience is the best quality a potential buyer can have. A buyer who can wait will always be better when compared to all cash buyer and even whose offer is more than others. Candidates will have to be interviewed by the broker in order to make sure that offer is solid. Broker is as important as the buyer.

Previously Approved Short Sales

Previously Approved Selene Finance Short Sale

Some brokers are very misleading to advertise that their previous short sale application was approved by Selene Finance but even it was approved they will need to make a full review.

Pro Tip: lenders can be review on offer at a time . The process can be difficult and can require some effort to go through. Make sure you make the most suited choice. The best offering does not always come at highest price.

Step 3: Submit Selene Finance Short Sale Package

Thoroughly review your documents. The wrong information can hurt you!

Selene Finance Short Sale Submittal

Submiting Your Short Sale Package to Selene Finance To Get The Process Going.

What is in the Selene Finance Short Sale Package?

Usually the lenders have the same document requirements. Below follows a list of the documents usually demanded: a listing agreement, a purchase agreement, proof of the buyer’s ability to perform such as proof of funds or a pre-qualification letter from the buyer’s lender and that’s only the start. As a short sale seller it will be required to submit your financial information such as a monthly budget, your tax returns for the last two years along with a 4506t to show the returns were actually filed, pay stubs or proof of income like a profit and loss, bank statements, reason for requiring to do a short sale, and a hardship letter.

Pro Tip: Working with a skilled team like ours you should be able to pick out the items that will most likely be asked of by your lender. In case lender has to request items it’s likely they passed over your short sale when it could have been reviewed.

Step 4: Selene Finance Short Sale Broker's Price Opinion (BPO) or Appraisal

 

Selene Finance Short Sale Value

Getting The Right Value Goes A Long Way.

A valuation will have to completed by the lender to know whether you qualify for the short sale or not. He has to consider many conditions like home’s perceived condition, the size of the living space, the size of the lot, how many stories it has and whether or not it has a pool. Market conditions and how fast homes are selling in the area are also taken into count. Many other factors are also taken in to consideration.

Selene Finance Short Sale Appraisal

Short Sale Appraisal Values

Selene Finance are usually working as a mortgage service only and representing an investor who is facing a loss from the short sale so the lender will need a valuation. lender will obtain an appraisal If the lender requires a deeper insight . Appraisers have specific licenses for valuing properties. Some investors such as Fannie Mae (FNMA) complete two appraisals. The type of value completed varies from lender to lender and investor to investor.

Selene Finance Value Disputes and Variances

Filing Value Disputes and Variances

Sometimes the broker makes some mistake and the value returns too high because the broker is not from the area and compares properties having nothing in common and this can happen to both rookies and the expert professionals.

Pro Tip: Short Sale Variance is a good opportunity to apply for a short sale servicer such as Selene Finance to vary from their typical practices. A lot of times values are good from the day they are completed for 90 days; Sometimes longer.

Step 5: Finalize Short Sale Terms

 

How Long Does Selene Finance Short Sale Take

Selene Finance’s Short Sale Time Line Coming To An End.

This is the fate deciding time of your short sale application as to whether send your file forward to the investor or not. Auditing process is completed before presenting the file to the management,  and then there is an another process before issuing the approval letter.

Selene Finance Short Sale Counters

Selene Finance Counters Short Sale

Special kind of skills are required to compete with the two situations that can arise at this time which are that at this time management can either counter or reject your application. Anyone can do easy tasks but it is the difficult tasks that are hard and separate the experts and  wannabees.

Step 6: Closing A Short Sale

 

Short Sale Escrow

Short Sale Escrow.

You will find typical escrow processes and closing of short sale escrow very similar Once all debt holders have given their approval, you can move forward with the typical escrow process. A title search should now have been completed to assure that all the parties affiliated with the property have been addressed.

Short Sale Extensions

Selene Finance Issues Short Sale Extension

What happens if the approval letter expires and we are not able to complete the short sale process? This is a question we get all the time and there isn’t a simple answer to this question. It depends on negligence of the mortgage, whether the value they had expired, and many other details. Consult one of our professionals if you need more time to see what we are able to get approved with Selene Finance’s Management. We only get paid if the transaction successfully closes,  results may vary(we are generally paid from the real estate comissions awarded to the agents involved and paid out of Selene Finance’s net).

Pro Tip: Week one. Strike that. Within a few days of having all the approvals in line you should be able to tell whether or not this buyer is going to really perform. The right professionals apply pressure to all the parties involved to ensure the transaction gets done!

 

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How Does ACG Get Paid?

ACG has a great team of professionals always willing and ready to work with the local broker to get your property sold on time. We will get our income on the condition that the transaction closes successfully. Usually we are paid our fee directly by Selene Finance and it usually comes from the amount paid to the brokers involved in the deal. Usually the seller will have to spend nothing for this service. Call for details 888-934-3444.

Understanding The Selene Finance Short Sale Status

Selene Finance short sale package is a fairly difficult to complete document. Up till now Selene Finance have not been able to do anything to make this process a little simpler  but you have nothing to worry about as ACG is always here to assist you with the short sale process with Selene Finance.

Assistance For Selene Finance

ACG will be the only company you will have to contact and we will help you with all the mortgage relief challenges related to Selene Finance and we will become a one stop shop for completing your short sale process with them from start to finish.

Call Us 888-934-3444 Today.

Selene Finance Short Sale Package Breakdown

What is the Selene Finance Short Sale Package?

When you apply for any kind of mortgage assistance with Selene Finance they will ask from you to submit a package called Selene Request for Mortgage Assistance (RMA). You should always make sure to submit the latest paperwork; It will be always better if you check with a professional first. Absolute Consultant Group(ACG) Website always has the most recent paperwork. ACG helps homeowners with their Selene Finance Loan Modification and Short Sale process.

There are 6 Sections to the standard Selene Short Sale Package.

Need Assistance With A Selene Finance Mortgage?

 

Need Assistance With A Selene Finance Mortgage?

 

Short Sale RMA Package PDF Breakdown:

Hardship Affidavit Application Check List

  1. Borrower Information This section will require the consumer to fill out all the personal details of the borrower and co-borrower.
  2. Household Assets This section will require that you fill out all the details of all the assets currently owned by the household. You have to explain household income, expenses and debts etc.
  3. Income Documentation In this section you will be required to put the monthly income details salary and other sources of income.
  4. Hardship Affidavit This section has hardship options from which you will need to tick out the correct ones showing the reasons for your hardships.
  5. Acknowledgement and Agreement In this section you havecertify, acknowledge, and agree that all information in this Borrower Assistance Form is truthful and the hardship that I have identified contributed to my need for mortgage relief.
  6. 4506T – The final document in the whole page is the 4506-t which is used in order to verify the tax returns that you provided.  Make sure to follow the directions thoroughly.

Selene Finance Is Difficult. Don't Go It Alone. Professionals Standing By.

 

Disclaimer: Using The Wrong Form May Lead To A Denial

We provide mortgage servicers mortgage assistance package, forms, and applications to for educational purposes only. This is a sample document used to obtain mortgage assistance relief workout programs with your mortgage servicer. Prior to completing the form contact your (your client's) Mortgage's servicing department OR one of our professionals at 888-934-3444 to make sure they are sending the right loan modification or short sale package. Your home loan servicer, whether dealing with a Home Loan Modification or Short Sale (mortgage settlement, short pay off or discounted payoff) RMA Package offered on this website may not be the correct package depending on your investor. By downloading this RMA (Request for Mortgage Assistance) from our website does not guarantee loan modification assistance or any other mortgage relief programs to try to avoid foreclosure through mortgage servicer, its agents, employees, affiliates or subsidiaries. Prior to the use of any documents you should consult an attorney.

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