Question If 1 On Mortgage But 2 On Deed

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When doing a short-sale, if two people are on the deed but only one of them is on the mortgage then do you need to still provide all documents (bank statements, financial statement, W-2s) for both people or only the person on the mortgage?



Comments(4)

  • JohnSilva10th March, 2008

    Thanks, one last question,

    should both sign the Purchase and Sales contract that the bank sees or should just the person on the mortgage?

  • TheShortSalePro10th March, 2008

    for the sales contract to be accurate, the names of all owners of record must be included.

  • flatfinders14th March, 2008

    How would you find a FMV for a property? Comps?

  • trio196614th March, 2008

    What is BPO? Offer has to be based on BPO.

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