Solving the Knoxville Foreclosure Crisis
One Homeowner at a Time

Rick Smenner

RE/MAX Preferred Properties
[email protected]

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Knoxville Short Sale Question: Why Does My Lender Want My Last 2 Pay Stubs?

Question in our "Ask The Expert"....“Why does my lender need copies of my last 2 pay stubs? Are they hoping to garnish my paycheck?


I am concerned that if I give it to them, then they will use it to garnish my paycheck. They have said if they don’t get them, then they will not approve the short sale. What should I do? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here was our answer. We are not lawyers and therefore we can’t answer the garnishment question. Are you at risk of having your paycheck garnished? I don’t think so. But, that’s just my opinion. Here is the first reason I don’t think they will garnish your wages. It’s because they don’t request that information to use it to attempt to garnish your wages. In most cases, the lender simply wants to see how much money you are making. If you can afford your mortgage payment, then they might turn down the short sale. Here is the second reason I don’t think they will garnish your wages. Wage garnishment is difficult. There are many different exceptions and protections against wage garnishment. For example, if the person being garnished is the main provider for a family, then the laws are often written to stop any garnishment against them. Here is the third reason I don’t think they will garnish your wages. None of the many people we have helped with a short sale have ever told us that they had their wages garnished. I can help you short sale your property and get back on your feet. Send me an e-mail at [email protected]. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (865) 696-9002

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