Short Sale Worksheet
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When working a short sale you can use a spreed sheet to show the banks that they should accept less for the house. I have added a worksheet below as attached the information.
Projected Net at REO Sale
Facts Concerning the Property:
Principle Amount of Loan: $0.00
Interest Rate: 0%
Interest per Month: $0.00
Back Taxes Owed: $0.00
Taxes per Year: $0.00
Back Insurance Owed: $0.00
Insurance per Year: $0.00
HOA Fees per Year: $0.00
Attorney Fees Owed: $0.00
Time Frames:
Today until Forclosure Sale:
Average DOM in Area
Days to Close After REO Sale:
Total Holding Time:
Last Payment Date:
REO Sale
Projected BPO: $0.00
Less:
6% Real Estate Commission: $0.00
Interest in Arrears: $0.00
Holding Interest: $0.00
Taxes in Arrears: $0.00
Holding Taxes: $0.00
Holding Insurance: $0.00
Misc. Holding Costs: $0.00
Attorney Fees: $0.00
Eviction Costs: $0.00
Rehab Costs: $0.00
Total Costs & Expenses: $0.00
Projected BPO: $0.00
Less Expenses: $0.00
NET at REO Sale: $0.00
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