If anyone is working on a short sale with Aurora Loan Services or has one coming up, here’s some information that will hopefully help.
Their contact number for their home retention group (short sale department) is:
(866) 521-3828
The fax number to send your complete package to is:
(866) 517-7976 Fax
Download the Aurora Loan Servicing Financial Worksheet and Short Sale Package Information
What you will need to include in your short sale package to Aurora is:
- Cover letter with everyone’s contact info & summary of the offer
- Hardship Letter with any proof of hardship that can be documented (Job termination letter, medical bills, etc to support your assertion that the bank should take less)
- Listing Agreement with all signatures
- Aurora’s Financial Worksheet
- 2 months most recent bank statements showing income
- 1 month of most recent pay stubs
- Complete offer to purchase contract with all signatures
- A CMA for the property
- Proof of funds for Cash Offers or Pre-Approval letter for financed deals
- Net Sheet / HUD-1 (payoff is not necessary)
When sending everything, make sure to send as clear of copy as possible and lable each section. I have posted another blog HERE about the importance of sending a clean package.
I hope this helps. Please feel free to contact me with any questions.
Glen
