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.

 

************************* 

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.

****************************************

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

 

 


     

We represent home buyers and sellers as their exclusive agents in Northern California.

        

Rosemary Brooks (DRE # 01336351) / D'Adrea Davie (DRE# 01510971)

 The Mother and Daughter Realty Team -  Your Real Estate Professionals.

                                  
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This post has been included in California Real Estate News San Joaquin County, CA Real Estate News
Post is included in group: Sharing Information of Short Sales
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11 Comments on Sample Letter: Short Sale Letter of Authorization

JAN
12
2008
Great information and very timely, thanks.
4:02pm • #1
1,262,536 Points 2 Featured Posts Outside Blog Hit Router

Rosemary

It would seem like you have your share of short sales

Tom
4:13pm • #2
561,421 Points 12 Featured Posts Localism Sponsor Outside Blog Hit Router Called Shot Master
Matt ~ you're welcome. I am glad it can useful.
4:30pm • #3
561,421 Points 12 Featured Posts Localism Sponsor Outside Blog Hit Router Called Shot Master
Tom ~ OH Yeah, but I love doing them. 
4:31pm • #4
JAN
26
2008
162,476 Points 11 Featured Posts Outside Blog
Rosemary. I like your letter of authorization. I have one as well, but I like the way you put yours. Do you mind if I use it as well??
9:39pm • #5
561,421 Points 12 Featured Posts Localism Sponsor Outside Blog Hit Router Called Shot Master
Jeannette: You are free to use it.  Good luck and let me know how it works out.
9:57pm • #6
AUG
26
2008

My seller was just asking me if I had a sample letter of authorization, so this verbiage helps! Thanks again for sharing here on AR.
4:38pm • #7
APR
21
2009
1,653,518 Points 134 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Rosemary, needed to see someone else's letter of authorization.  Thanks so much for posting it.
10:57pm • #8
JUN
07
2010
124,609 Points 1 Featured Post Attended Rain Camp Called Shot Master

thanks for sharing. This was something I really needed. blessings for a great day.
12:12am • #9
JUL
19
2010

Thanks! You are a doll for sharing!
Claire Rhoads
3:53pm • #10
JUL
13
451,354 Points 29 Featured Posts

Rosemary . . . 4+ years after you posted this - I found it at the top of a Google Search - THANK YOU!
7:47am • #11


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Rosemary Brooks-The Mother & Daughter Realty Team

Rosemary Brooks

Stockton, CA

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BMC Real Estate - the Mother and Daughter Realty Team. A Realtist, CDPE, FAS. We take the extra steps to ensure our clients receive the utmost care! Call 209-910-3706 We represent home buyers and sellers as their exclusive agents in the Central Valley, Bay Area and nearby counties. Your Real Estate Professionals. ~~~~~~~~~~~~~~~~~
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