One of the first items an agent will need is to get a Letter of Authorization signed by the owner. This authorization when faxed into the lender will allow your agent the authority to speak with the lender regarding your loan. This does not give the agent the authority to make any changes to your loan.
What I do: First fax in this authorization along with a letter requesting information on owner assist programs, status of the loans, payoff information and short sale requirement package to be faxed back to me. I first give the lender time to circulate it to the correct department and contact person, then I call to verify that they received the fax and if they have authorized me to speak to them as a follow up.
Once I received the information I requested, I will notify the owner.
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Date:
To Mr. Lender:
(Supply your Social Security #, Mortage Company and loan #s, Address of Property)
SUBJECT: Letter of Authorization
Please accept this letter of authorization allowing _____________________ (agent's name) to speak to you regarding my loan(s) with your organization. ___________________ are attempting to gather information to see how they can help me in resolving the default situation of my loan(s). This will include balances, payment history and procedures for resolving the current status of the loan(s) I have with your organization, and any information that ____________ ask you for about my loan(s).
If you are not the correct contact for this authorization, please forward this to the property contact and inform my agent of the correct contact person.
Contact information for my agent is listed below.
Regards,
____________________________ Signature and print name and date.
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For FREE MARKET EVALUATION of your home visit http://www.motheranddaughterrealtyteam.com
Check us out on website: http://www.motheranddaughterrealtyteam.com
The Mother and Daughter Realty Team
*************************************************************************
The Mother and Daughter Realty Team
Rosemary Brooks (DRE # 01336351) Realtist, CDPE, HRC, CDSP, REO & HUD Certified
D'Adrea Davie (DRE# 01510971) Realtist, CDPE, HRC, CDSP, REO & HUD Certified
EMBARCADERO INVESTMENTS - the Real Estate Company
Ofc: 866-543-0461 Msg: 209-910-3706 Fax: 209-762-6971
EMAIL: motheranddaughterrealtyteam@gmail.com /
REO Website: www.centralvalleyreos.com
WEBSITE: www.motheranddaughterrealtyteam.net
Short Sale Website: www.shortsales-HAFA.co
Do you need a Central Valley Short Sale Specialist? If you have any questions or would like to discuss any real estate related issue please contact the Mother and Daughter Realty Team at (209) 910-3706 or complete our Contact Form.
Rosemary Brooks & daughter, D'Adrea Davie - The Mother and Daughter Realty Team specializes San Joaquin Central Valley, Stockton real estate, Homes for Sale, Housing: Stockton short sales, Lathrop short sales, Tracy short sales, Manteca short sales, Lodi short sales, Mountain House short sales, Salida short sales, Ripon short sales and Modesto short sales.
ATTENTION CENTRAL VALLEY HOMEOWNERS:
We can help you with a Short Sale if you are in a situation of
*Pre-Foreclosure *Hardship *Job Lost *Reduced Income *Divorce *Upside down on Equity *Can't afford Mortgage *Unexpected Medical Expenses * Can't Refinance * Failed/Denied HAMP Loan Modification * Other
Some of the BENEFITS OF A SHORT SALE
*Avoid Foreclosure *Reduced damage to your credit *Free of financial burdens * Relief of the stress * Possible incentive from HAFA (Home Affordable Foreclosure Alternative)
ASK me about - WACHOVIA FASTTRACK SHORT SALES
It is an EASY, NO Stress & FAST way to get an APPROVED - Short Sale
WE SELL REOs & HUD HOMES
Serving the Central Valley, Stanislaus & Bay Area
WHAT IS A REALTIST?
- A REALTIST believes in "Democracy in Housing" - the principle that all citizens have the right to equal housing opportunities, regardless of race, creed, or color.
- A REALTIST believes in preserving the rights of all Americans to homeownership and is dedicated to serve the unserved and underserved by developing creative and effective methods of doing so.
Central Valley Realtist Association(CVRA) / NAREB / CAREB
www.centralvalleyrealtist.com / www.nareb.com / www.CAREB.org
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