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Ronald Logallo, Jr.
Cell: 631-335-7141
Email: Ron@YourLocalRealEstateGuy.com

Your Local Real Estate Guy

Long Island Short Sale Guide

1. Updated signed hardship letter (please include date)

2. Updated signed financial worksheet (please include date)

3. Signed dated listing agreement (expired)/ extension until closing

4. Signed dated purchase contract by both BUYER and SELLER and extension until closing

5. ASC contract and listing amendments (filled out, signed and dated by buyer seller and broker in this email attachment)

6. Updated buyer approval

7. New net sheet with revised commissions (ASC MAX FOR 2 REALTORS IS 5% AND FOR 1 IS 3%)

8. Approval Letter from 2nd mortgage/ letter from seller there is no 2nd mortgage- please DO NOT send anything without this.

9. Closing date

10. Email address of title company agent.

 

**** These are the following conditions that banks usually accept for a short sale. Use this as a guide *****




           

Ronald Logallo, Jr.  -  Cell: 631.335.7141  -  Email: Ron@YourLocalRealEstateGuy.com

All information deemed accurate but not guaranteed...buyers and sellers should verify.The Finest Compliment I Can Receive Is A Referral From Past Clients And Customers.  Thank You For Your Business.