Many Mortgage Companies and Servicing Institutions have their own unique requirements when it comes to Short Sale requests from borrowers.
Select from the list below to see the general requirements for this lender.
BANK OF AMERICA
Your Mortgage Resolution Services Processor will inform you if your seller’s loan(s) will be processed through Equator
Loan Servicing: 866-880-1232
Collections: n/a
Loss Mitigation: 800-669-6650
or 800-262-4218 Hope Dept.
GENERAL REQUIREMENTS FOR A SHORT SALE PACKAGE
- Two (2) Years Tax Returns*
(include all schedules & all pages - Federal Return only)
- Two (2) Months Bank Statements*
(include all pages)
- Two (2) Months Pay Stubs*
- Hardship Letter
- Personal/Household Financial Statement
(FreddieMac Form unless otherwise indicated)
- Letter of Authorization
- Purchase Contract
(Include all Counters and/or Addendums)
- Listing Agreement
- Estimated HUD Statement
*Most Recent, Consecutive
BANK OF AMERICA - SPECIFIC DOCUMENTS REQUIRED