Short sale info for consumers

Check out the consumer information on foreclosures and short sales. To HELP buyers and sellers learn the basics of buying and selling a home and why it's important to use a professional, licensed Illinois REALTOR, Needs To Sell Short, Find tips from David Rigney at www.davidrigney.com for more information provided the following list of documents required by the lender in a short sale:

• A Letter of Authorization for an attorney or REALTOR to act on your behalf in the sale of the home
• Financial Disclosure Form
• One-page “hardship letter” explaining how you got in this position
• Last two months pay stubs
• Copies of most recent two months personal checking account statements for each borrower on the loan
• Copy of signed last two years’ personal tax returns