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.
DOWNEY SAVINGS
Loan Servicing: 800-824-6902
Collections: n/a
Loss Mitigation: 800-824-6903 X4732
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
DOWNEY SAVINGS - SPECIFIC DOCUMENTS REQUIRED
*Please note: Financial worksheet must be on ASC form