Avoiding foreclosure in the Greater Tampa Bay area? You're not alone. Short sales can be a lifeline for homeowners facing financial hardships. The keys to a smooth short sale process are being prepared with the right documents and understanding the timeline. Let Thomas J. Morillo and the TJM Home Team guide you through. 💼📝

📌 Documents Needed for a Short Sale Package: 📌

  1. Hardship Letter 📄:
    • A statement detailing the financial difficulty you're facing.
  2. Proof of Income and Assets 💰:
    • Recent pay stubs, bank statements, and other proofs of income.
    • A list of assets, like real estate or valuables.
  3. Preliminary Net Sheet 🧮:
    • An estimate of projected expenses and profits.

🕰️ Realistic Time Expectations for a Short Sale 🕰️

  1. Preparation: Days to weeks for gathering documents.
  2. Listing and Offers 🏷️: Variable, but faster in hot markets.
  3. Bank's Approval 🏦: From 30 days to several months.
  4. Closing Time 📅: Typically 30-45 days post-approval.

The Importance of Being Prepared 📚

Being proactive accelerates the process and increases success rates. Prepared homeowners are often preferred by banks, making every step smoother. Remember, in foreclosure prevention, every day counts.


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Ready to tackle the short sale process in Greater Tampa Bay? Trust in the expertise of Thomas J. Morillo and the TJM Home Team.