Does anyone have an REO breakdown worksheet?

Foreclosures, Short Sales, Tax Foreclosures
1

Hi all,

I am looking for a list of items that would show the bank what it will cost for them to take the home back, thus improving the chance they will accept the short sale and not take the foreclosure to auction.

Thanks.

Even just a list of items to include would be helpful!

2

The bank already knows what it will cost them to take the house back.

You need to prepare a sheet listing all the repairs needed and comparable sales data to justify the offer you will be making for the short sale.

3

I already have all the repairs, photos, etc. I’ve heard about a REO Breakdown sheet that outlines all the holding costs for the bank.