Short Sale Documents
Should you wish to have assistance with applying for your vehicle short sale, our firm can prepare the following document portfolio:
1. Vehicle condition form
Statement of current vehicle condition and mileage to present to the lienholder for valuation EXAMPLE
2. Title history report
Official report from the National Motor Vehicle Title Information System showing the current title status EXAMPLE
3. Vehicle valuation report
Third party market value report used for comparison by the lender for transaction evaluation EXAMPLE
4. Lender payoff estoppel letter
Statement of loan clearance for lender signature agreeing to close out the loan upon payment of the agreed upon price by the purchaser of the vehicle
5. Bill of sale transferring to purchaser
Agreement by the purchased to pay the specified amount for the collateral motor vehicle EXAMPLE
6. Affidavit of non-related parties
Signed statement declaring that the purchaser is not a relative of the buyer, and is not receiving any special consideration for the purchase other than that listed on the bill of sale
7. Investigative report by licensed agency
Statement from a certified licensed investigative agency declaring that no relationship was found between the parties
8. Financial calculation sheet
Listing of current employment, income and debts of the borrower to demonstrate to the lender that no excessive assets or savings are owned by the debtor
9. Official Lien Release request form
Form to be signed by the lender releasing the lien from the official DMV title record EXAMPLE
10. Application for new title
Official DMV form for buyers signature to obtain a new clean title for the vehicle EXAMPLE
Upon execution, all of the above will be submitted to the lender via certified mail for proof of mailing and tracking, with phone verification call. We work with all primary lenders, subprime financing, and title pawn firms.
For consideration of the Vehicle Short Sale Process, please enter your information below and the appropriate customer service agent will reach you shortly.
If your car loan is more than the current market value, and you are unable to afford the monthly payments, you may be able to find a buyer to purchase the vehicle for fair market value.
We Can Help!
Address 5080 Spectrum Drive Suite 1000 East Addison, TX 75001
Hours Monday—Friday: 9:00AM–5:00PM Saturday & Sunday: 11:00AM–3:00PM