Seterus Short Sale Packet PDF Details

Navigating through financial turbulence can be a daunting task, especially when facing the possibility of losing one's home. For homeowners with loans serviced by Seterus, Inc., the Seterus Short Sale Packet form emerges as a beacon of hope amidst such uncertainties. This comprehensive packet is designed for borrowers experiencing financial hardship, offering a structured way to request consideration for a short sale—an alternative to foreclosure. The form demands detailed disclosure, starting from basic borrower information to an exhaustive financial statement, compelling borrowers to thoroughly document their current economic situation. It inquires about the primary reason for hardship, covering a broad array of possibilities including illness, unemployment, military service, or natural disaster, among others. The packet also delves into specifics about the property in question, whether it is the primary residence, a second home, or an investment property; its current occupancy status; and whether it is already on the market for sale. Furthermore, it requires a detailed account of household income and monthly expenses, ensuring a holistic view of the borrower's financial standing. The packet doesn't stop there; it also asks for an inventory of assets, from real estate to vehicles, and even valuable personal property. Such exhaustive documentation is essential for Seterus, Inc. to make an informed decision on whether a short sale can be pursued. Additionally, the form includes critical authorizations allowing Seterus, Inc. to gather further information, including credit reports and property value assessments, integral steps in the short sale review process. While the submission of this packet doesn't guarantee approval, it is a crucial step for borrowers seeking to navigate through their financial hardship with a potential exit strategy that mitigates further financial damage.

QuestionAnswer
Form NameSeterus Short Sale Packet
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other namesseterus tax documents, seterus mortgage payment login, seterus website, www seterus com mortgage

Form Preview Example

SETERUS, INC. FINANCIAL STATEMENT

and Hardship Review

GENERAL INFORMATION

Name:

Loan Number(s):

SSN:

 

Address:

 

City:

 

State:

Zip:

Primary Phone Number:

 

Alternate Phone:

 

 

 

What is the primary reason for your hardship? (Select ONE option which best describes your situation)

Death of Mortgagor

Illness of Mortgagor

Illness of Mortgagor’s Family Member

Death of Mortgagor’s Family Member

Marital Difficulties

Reduction in Income

Excessive Obligations

Abandonment of Property

Distant Employment Transfer

Inability to Sell Property Inability to Rent Property Military Service Unemployment Business Failure Incarceration

Natural Disaster

Other __________________

Military Service Follow Up Questions:

Are you currently on active deployment?

Yes No

If you are on active deployment, have you faxed your orders to Fax: 877.371.7799?

Yes No

What date did the hardship begin:

 

Is the hardship temporary:

Yes

No

How long will the hardship last:

Do you have a credit counselor:

Yes

No

Agency Name:

 

 

 

Phone:

How many people live in your household:

 

How many dependents live in your household:

ABOUT THE PROPERTY

What is the primary purpose of the property? (Select ONE option which best describes what the property is used for) Primary Residence Second Home Investment Property

If you have a loan on this property NOT serviced by Seterus, Inc. please provide the following information:

Loan Number:

Lender:

 

 

 

 

 

 

Total Monthly Payment:

 

 

 

 

Due Date:

Approximate Unpaid Balance:

 

 

 

Interest Rate:

 

 

Is the property in foreclosure:

Yes

No

Is the property occupied by owner(s), renter(s), or vacant? (Select ONE option which best describes the occupancy status)

 

 

 

 

Owner Occupied

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Renter Occupied

Are renters paying to occupy the property?

Ye

 

Yes

 

 

No

 

Vacant

If vacant, are the utilities on and the property secured?

 

 

Yes

 

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Do you intend to keep the property:

Yes

No

 

(If you answered “Yes” – skip to the next page)

 

 

 

 

 

Is the property currently for sale:

Yes

No

 

Listing Price:

 

 

 

 

 

Month & Year Listed:

Have you ever received an offer on the property:

 

 

 

Yes

No

Date of Offer:

 

 

Offer Amount:

 

Are you using a real estate agent to sell the property:

 

Yes

No

Agency Name:

 

 

 

Phone:

 

www.seterus.com

Hardship Response Line: 866.570.5277

Hardship Fax Number: 866.578.5277

F004F

HOUSEHOLD INCOME

List any income from any members of the household who contribute to the mortgage. Indicate “self” if you are self employed.

Name of Individual:

Gross Pay:

Total Deductions:

Net Pay (Less Deductions):

Name of Employer:

Payment Schedule:

Weekly

Biweekly

Twice a Month

Monthly

Name of Individual:

Gross Pay:

Total Deductions:

Net Pay (Less Deductions):

Name of Employer:

Payment Schedule:

Weekly

Biweekly

Twice a Month

Monthly

Name of Individual:

Gross Pay:

Total Deductions:

Net Pay (Less Deductions):

Name of Employer:

Payment Schedule:

Weekly

Biweekly

Twice a Month

Monthly

Name of Individual:

Gross Pay:

Total Deductions:

Net Pay (Less Deductions):

Name of Employer:

Payment Schedule:

Weekly

Biweekly

Twice a Month

Monthly

Name of Individual:

Gross Pay:

Total Deductions:

Net Pay (Less Deductions):

Name of Employer:

Payment Schedule:

Weekly

Biweekly

Twice a Month

Monthly

OTHER MONTHLY INCOME

Overtime / Commissions / Bonuses:

Other Job(s) Not Previously Reported:

Child Support Received:

Alimony Received:

.00

Unemployment:

.00

SSI / Disability:

.00

Welfare / Food Stamps:

.00

Other Income:

.00

.00

.00

.00

Rental Income:

.00

MONTHLY EXPENSES

Total amount paid toward all car payments: Total amount paid on all credit cards:

Total amount paid on other loans / lines of credit:

.00

.00

.00

MONTHLY LIVING EXPENSES

Food:

Child Care:

Clothes:

Gas / Electric:

Water / Sewer / Garbage: Phone(s):

Gas / Fuel for Vehicle(s): Bus / Transit / Parking:

.00

HOA Dues / Fees:

.00

Medical Bills:

.00

Prescription Drugs:

.00

Car Insurance:

.00

Health Insurance:

.00

Life Insurance:

.00

Property Insurance:

.00

Property Taxes:

.00 Cable / Internet:

.00 Entertainment:

.00 Charitable Giving:

.00 Other:

.00 (Not deducted from payroll)

.00 (Not deducted from payroll)

.00 (Not escrowed in mortgage)

.00 (Not escrowed in mortgage)

.00

.00

.00

.00

www.seterus.com

Hardship Response Line: 866.570.5277

Hardship Fax Number: 866.578.5277

F004F

ASSETS

Provide details of any property you own other than the loan serviced by Seterus, Inc.

Property Address:

 

 

 

City:

 

 

State:

Zip:

Is there a mortgage on this property:

Yes

No

 

Loan Company Name:

 

Monthly Payment Amount:

 

 

 

 

 

Month(s) Delinquent:

 

Approximate Unpaid Balance:

 

 

 

 

 

Approximate Value:

 

Property Address:

 

 

 

City:

 

 

State:

Zip:

Is there a mortgage on this property:

Yes

No

 

Loan Company Name:

 

Monthly Payment Amount:

 

 

 

 

 

Month(s) Delinquent:

 

Approximate Unpaid Balance:

 

 

 

 

 

Approximate Value:

 

List any cars you have completely paid off.

Make of Vehicle:

Model:

Year

Make of Vehicle:

Model:

Year

Make of Vehicle:

Model:

Year

List any other significant assets such as boats, RV’s, valuable collections, jewelry or other real estate not previously reported.

Item Description:

Item Description:

Value:

Value:

CASH & ACCOUNT BALANCES

Cash On Hand:

 

.00

401K / Retirement Account Balance(s):

Checking Account Balance(s):

 

.00

CD’s / Stocks / Mutual Funds:

 

 

Savings Account Balance(s):

 

 

 

.00

 

.00

.00

AUTHORIZATION & ACKNOWLEDGEMENT

I obtained a mortgage loan secured by the above-referenced property. I certify all information presented herein as well as attachments are true, accurate and correct to the best of my knowledge. I understand submission of this information in no way obligates my mortgage servicer, owner of my mortgage or insurer to provide assistance to me.

By signing this Financial Statement, I hereby authorize the owner of the mortgage, my mortgage servicer and/or mortgage insurer to: 1) order credit reports from any credit reporting agency; 2) obtain a current property value review at my expense; 3) discuss with my real estate agent and/or credit counseling service representative and provide any information (regarding me or my loan); 4) release information regarding this or any other liens on any mortgaged properties.

THIS FINANCIAL STATEMENT IS FROM A DEBT COLLECTOR AS WE SOMETIMES ACT AS A DEBT COLLECTOR. WE ARE ATTEMPTING TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. HOWEVER, IF YOU ARE IN BANKRUPTCY OR RECEIVED A BANKRUPTCY DISCHARGE OF THIS DEBT, THIS LETTER IS NOT AN ATTEMPT TO COLLECT THE DEBT, BUT NOTICE OF POSSIBLE ENFORCEMENT OF OUR LIEN AGAINST THE COLLATERAL PROPERTY.

COLORADO: FOR INFORMATION ABOUT THE COLORADO FAIR DEBT COLLECTION PRACTICES ACT, SEE

WWW.COLORADOATTORNEYGENERAL.GOV/CA. Seterus, Inc. maintains a local office at 355 Union Boulevard, Suite 302, Lakewood, CO 80228. The office’s phone number is 888.738.5576. NEW YORK CITY: 1331537, 1340663, 1340148. TENNESSEE: This collection agency is

licensed by the Collection Service Board of the Department of Commerce and Insurance. Seterus, Inc. is licensed to do business at 14523 SW Millikan Way, Beaverton, OR. Our office hours are Mon-Thu 5:00am to 9:00pm; Fri 5:00am to 6:00pm; Sat 6:00am to 12:00pm; Sun 9:00am to 5:00pm Pacific time.

___________________________________________

___________________________________________

BORROWER

DATE

CO-BORROWER

DATE

Nationwide Mortgage Licensing System and Registry

S.A.F.E. Act Servicer ID Number: 2315

www.seterus.com

Hardship Response Line: 866.570.5277

Hardship Fax Number: 866.578.5277

F004F

How to Edit Seterus Short Sale Packet Online for Free

We were establishing our PDF editor having the concept of allowing it to be as quick to apply as possible. This is the reason the procedure of typing in the seterus online will undoubtedly be simple perform these particular steps:

Step 1: Get the button "Get Form Here" and press it.

Step 2: At the moment, you can begin editing the seterus online. The multifunctional toolbar is available to you - insert, delete, modify, highlight, and undertake other commands with the content in the document.

You should type in the next data if you would like prepare the template:

www seterus com mortgage spaces to complete

Complete the What is the primary purpose of the, Primary Residence, Second Home, Investment Property, If you have a loan on this, Loan Number, Lender, Total Monthly Payment, Due Date, Approximate Unpaid Balance, Interest Rate, Is the property in foreclosure Yes, Is the property occupied by owners, Owner Occupied, and Renter Occupied fields with any information that will be required by the platform.

stage 2 to entering details in www seterus com mortgage

You're going to be requested to enter the information to help the application prepare the section List any income from any members, Name of Individual, Name of Employer, Name of Individual, Name of Employer, Name of Individual, Name of Employer, Name of Individual, Name of Employer, Name of Individual, Name of Employer, OTHER MONTHLY INCOME, Overtime Commissions Bonuses, Other Jobs Not Previously Reported, and Child Support Received.

www seterus com mortgage List any income from any members, Name of Individual, Name of Employer, Name of Individual, Name of Employer, Name of Individual, Name of Employer, Name of Individual, Name of Employer, Name of Individual, Name of Employer, OTHER MONTHLY INCOME, Overtime Commissions Bonuses, Other Jobs Not Previously Reported, and Child Support Received fields to fill out

Through field Total amount paid on all credit, Total amount paid on other loans, MONTHLY LIVING EXPENSES, Food, Child Care, Clothes, HOA Dues Fees, Cable Internet, Medical Bills, Entertainment, Prescription Drugs, Charitable Giving, Gas Electric, Car Insurance, and Other, define the rights and obligations.

Filling in www seterus com mortgage part 4

Finish by looking at all of these sections and filling in the appropriate details: Provide details of any property, Property Address, City, State, Zip, Is there a mortgage on this, Loan Company Name, Monthly Payment Amount, Approximate Unpaid Balance, Months Delinquent, Approximate Value, Property Address, City, State, and Zip.

www seterus com mortgage Provide details of any property, Property Address, City, State, Zip, Is there a mortgage on this, Loan Company Name, Monthly Payment Amount, Approximate Unpaid Balance, Months Delinquent, Approximate Value, Property Address, City, State, and Zip blanks to fill out

Step 3: As soon as you select the Done button, your ready file may be exported to all of your devices or to electronic mail indicated by you.

Step 4: Have a duplicate of each separate form. It should save you time and allow you to avoid difficulties down the road. Also, your details is not used or analyzed by us.

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