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Short Sale Questionnaire

Property Address

Seller Questons

1. Bank of 1st Mortgage

Bank of 2nd Mortgage

2. Is there mortgage insurance on the loan?  Yes No

3. How many months behind is the borrower on mortgage payments? ---123456 When was the last payment made? ---JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember

4. Has the foreclosure date been set?  Yes No If yes, what is the date?

5. Are there more than 2 mortgages on the property or any other liens?  Yes No

6. Has the borrower applied or currently in review for a loan modification?
 Yes No

7. Is the borrower considering filing for bankruptcy protection before, after or during the short sale process?
 Yes No

8. If unable to secure a “full and final” release with the 2nd mortgage, and bank is requesting borrower to still be responsible for a portion of the deficiency balance, is borrower willing to cooperate?  Yes No

Buyer Questions

1. Is the buyer purchasing property as primary residence?  Yes No
If no, please obtain TLA Investor Disclosure for Short Sale Negotiations.

2. What is the current market value of the property?

3. Is the current offer on the property at least 80% of the market value?  Yes No

4. If bank counters the submitted purchase price is Buyer willing to increase price up to at least 80% of market value?  Yes No

5. Is property being purchased in an LLC or other company organization?  Yes No

6. Is property listed by a licensed real estate agent?  Yes No

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