Roseville Short Sale Approved – Tips for Getting a Bank Approval!
Once you decide to sell your Roseville home as a short sale, the next step is to get together a strong and complete offer package to submit to your lender. Your Roseville short sale agent will assist you but one important piece of information you will be responsible for is a financial statement.
A financial statement is simply a list of all your monthly expenses. Include items like utilities, car payments, gas, daycare, rent expense, credit card payments, and other fixed bills. Make sure your financial statement is complete or your Roseville short sale may be declined.
Many short sale sellers forget to add in miscellaneous expenses to their financial statement. Car repairs, for example, are often overlooked because they are not a fixed expense. Take the average car repair for a year and divide that number by 12 months and add that number to your financial statement. Don’t forget other items like clothing, food, babysitters, and home repair. These are not fixed expenses but they are REAL expenses that MUST be included on your financial statement.
Miscellaneous expenses account for a large portion of a household’s monthly expense. If they are excluded on the financial statement, your bank may decline your short sale because they will believe you have the ability to afford for mortgage.
Roseville short sales are not like regular equity sales. Each lender has their own rules, guidelines, documents, and contact information. They can be difficult to navigate without an experienced Roseville short sale agent.
See if you qualify for a Roseville short sale.
Roseville Short Sale Approved – Tips for Getting a Bank Approval!
Posted by Roseville Short Sale Agent – Allan Sanchez – www.AllansHomes.com
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