Did Your Lender Get Your Package?  

All of the pages? Are you sure? Several lenders have limits on how many pages their faxes will accept. They also contradict themselves in a way. They ask for a hardship letter, pay stubs, tax returns the offer the counter, financial statements, BPO etc (see Secret #3) but at the same time they limit the number of pages that they can receive. (Citi Mortgage 61 pages, GMAC 116 pages) So what do you do if you have more pages than they can accept? You need to break down your package into smaller packages and mark them 1 of 3, 2 of 3, 3 of 3 always referencing the loan number.

What if the fax receipt shows they received all pages? Within 24 hours you want to call and check to see if they received the package and (this is important) HOW MAMY PAGES DID YOU RECEIVE? If less then you sent you need to figure out which ones are missing.

How do I know this? I have closed over 120 short sales and you learn as you go. So remember how many pages did they receive?!  Until the next secret.

Sherman Smith

Sherman Smith & Associates

Sherman@shermansmith.com

(714) 544-5445