If you are behind on your mortgage payments and are thinking about contacting a Realtor about a Short Sale in Newburgh Indiana, here is a list of items you need for a short sale.  A hardship letter explaining your current situation, financial statement in detail, bank statements, last 2 years federal tax returns including W2's and 1099'sand your last 2 pay stubs.  This is information your Newburgh Indiana Realtor will need to get started on the short sale process.  The short sale benefit to the homeowner is that the short sale offers more control and the ability to maintain dignity and privacy and short sales are viewed more favorably by lenders than foreclosure.  Foreclosure will destroy your credit for 7 to 10 years.  If you would like to talk to a Realtor in Newburgh Indiana who knows about Short Sales please give us a call at (812) 568-3306 or email us at JohnRHorton.com.  We will be happy to assist you and help you during this process.