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Terrilee Fitz

Realtypath Associate Broker

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Terrilee Fitz
PSA, GRI ABR CDPE ARC CNE CDAT B.S.
Sandy
7985 S 700 East, Utah 84092
(801) 867-2829
Cell: (801) 867-2829
theonlyfitz@gmail.com



 




 

What is an Acceptable Hardship?

 

Hardship is defined as: A material change in the financial situation of a homeowner that is or will affect their ability to pay their mortgage.

 

To qualify you must have a hardship for a short sale. Causes of Distress are acceptable below.

1.    Loss of Job

2.    Business Failure

3.    Damage to Property

4.    Death of a Spouse

5.    Death of family members

6.    Severe Illness

7.    Inheritance

8.    Divorce

9.    Mandatory Job Relocation

10.Medical Bills

11.Military Service

12.Payment Increase or Mortgage Adjustment

13.Insurance or Tax Increase

14.Reduced Income

15.Separation

16.Too much debt

17.Incarceration

 

 

 

 

HOMEOWNER'S DOCUMENT CHECKLIST NEEDED FOR SHORT SALE>

Date:

Owner:

Address:

Prepared by:

Phone:

Fax:

In order to have the opportunity to negotiate with your lender we will need to have the following documentation. Please note, when we get a contract we may need updates on each item so pleasemake certain you set aside statements and paycheck stubs as you get them.

Two months most recent mortgage statements (all mortgages)

Two months checking account statements (all borrowers if separate)

Two months saving account statements (all borrowers if separate)

Two months other account statements (all borrowers if separate)

Last two paycheck stubs (all borrowers)Two years tax returnsHardship Letter (see samples)

Financial Worksheet ( I will provide)

Other income:

EMAIL THE ABOVE ITEMS TO theonlyfitz@comcast.net

ATTENTION: Terrilee Fitz

 



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