Lenders require a Financial Statement be submitted with short sale packages to show the borrower is financially unable to pay on the loan. Always ask the seller to complete the financial statement to the best of their ability.

The worse the financial statement looks the better when it comes to submitting short sale packages. However, you never want to misrepresent anything to the lender. Doing so could constitute mortgage fraud which is a felony.

Here is a Sample financial Statement doc >>> HERE

By using the Super Smart Website Deed Flow Module (upgrade) you can prepare everything you need for the seller in under 5 minutes. Best of all our system is designed where you do not even have to meet the seller or view the property until you are close to having an accepted short sale with the lender.