Monday, March 19, 2012

Doing a Sacramento-area short sale with HSBC? Here is what you need...'s not a secret that I do A LOT of short sale transactions in the Sacramento area...and I have done several with HSBC Mortgage. I like HSBC's short sale process. It's generally (and of course, relatively speaking) on the faster side of the spectrum for negotiating approval, and their loss mitigation negotiators seem to be on top of their game and different short sale programs. So if you are looking to do a short sale on your Sacramento-area home and have a mortgage with HSBC, here is a list of the documentation you need to gather as you get ready to list your home with a Realtor;

Loss Mitigation / Short Sale Tel: 800-395-3489
Seller's Documents Generally Required for a Short Sale:
-3rd Party Authorization Letter
-Hardship Letter
-Last 2 months of bank statements
-Last 2 months of pay stubs
-Unemployment stubs and award letter (if applicable)
-Proof of Homeowner's Insurance
-Most Recent Property Tax bill
-Last year's federal tax return
-Most recent quarterly Profit & Loss Statement (ONLY if self-employed)
-Evidence of SSI, Pension, Disability Benefits (if applicable)
-Rental Lease (ONLY if investment property)
-IRS 4506-T

I welcome your call if you have any questions regarding an HSBC short sale in the Sacramento area.

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