Real Estate Owned (REO) Form
Real Estate Owned (REO) Form Completion Instructions To ensure an accurate assessment of your financial profile, please complete the Real Estate Owned (REO) Form by providing details on any properties you currently own. This includes primary residences, investment properties, or any other real estate holdings. Required Information: Property Address – Full address of each property. Ownership Percentage – Indicate your ownership share if jointly owned. Property Type – Specify whether it’s a primary residence, second home, or investment property. Current Market Value – Estimated value based on recent sales or appraisals. Outstanding Loan Balance – Remaining mortgage amount on the property. Monthly Mortgage Payment – Include principal, interest, taxes, and insurance (PITI). Rental Income (if applicable) – Provide gross monthly rent for investment properties. Expenses (if applicable) – List any HOA fees, maintenance costs, or other expenses. Why This Matters: Lenders require this information to assess your financial obligations and determine loan eligibility. Accurate and complete details will help expedite your loan application process. Please submit the completed form as soon as possible. If you have any questions, feel free to reach out for assistance.
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