MN REO | Minnesota REO | REO Management » Short Sale Package http://www.reo.mn Asset managers looking for a MN Realtor to manage their inventory of REO properties or ORE homes should contact Minnesota REO agent John Mazzara. MN REO's may present a greater challenge because of our climate and four seasons. Working with an experienced agent committed to your success makes your job easier. Mon, 30 Jan 2012 04:32:02 +0000 en hourly 1 http://wordpress.org/?v=abc

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Items Necessary to Submit a Short Sale Package http://www.reo.mn/items-necessary-to-submit-a-short-sale-package/ http://www.reo.mn/items-necessary-to-submit-a-short-sale-package/#comments Wed, 17 Feb 2010 01:56:24 +0000 Financemyhome http://www.reo.mn/?p=54 Just because you owe more than your home is worth does not mean that you will be eligible to do a short sale.  The key is being able to show that you qualify based on a acceptable hardship.  The lender needs you to explain your situation in a hardship letter.  With that, there are items they will need.  These items include the following:  A financial statement showing what your current assets are and what your expenses happen to be, A couple of recent paystubs if you are employed that show your year to date income, all pages of your bank statements, your two most recent signed tax returns, asset statements like 401K & IRA’s, and a list of any other liens that encumber the property title such as back real estate taxes, second mortgages, third mortgages, and IRS tax liens that are recorded against title.

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