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14 Comments on New Short Sale forms for Realtors!
Heath - Isn't that the truth! :)
Tony - Yes, clients can get overwhelmed with all of the forms...
Cindy - Yes, I think they're a great idea!
Kristi - Exactly. That's why I'm so glad we have them... :)
We just had the same thing happen here as of February we have to fill out a form for buyers, sellers and just a general one that we have to bring up at a listing appointment. Very frustrating!
There are also short sale forms found - Includes a letter to Prospect for Leads and get short sale listings - 11 total forms all together. http://www.REOAgentSource.com
I got my from there for our team in Arizona and have been using them to market for Short Sales and also use the Entire Checklist and Packet to submit a full file to the banks. They really seem to help out a lot more when you submit a full packet in the order they want with everything needed the first time!
We currently have litigation PENDING AGAINST http://reoagentsource.com/Short Sale_Forms_Kit
We will pay you $250 to turn over the forms package you purchased and supporting documents from this site to CMS's attorneys
Contact us at cms@cmsps.com
Did you by a Short sale forms kit - for $24.99? We will pay you $250 to turn over the forms package
We currently have litigation PENDING AGAINST http://reoagentsource.com/Short Sale_Forms_Kit
We will pay you $250 to turn over the forms package you purchased and supporting documents from this site to CMS's attorneys
Contact us at cms@cmsps.com
Dear Tim Grossglauser,
It has come to my attention that you have made an unauthorized use of my copyrighted work entitled SSF-010, CMS Property Services, Inc., 11 Short Sale Forms (the "Work") in the preparation of a work derived therefrom. I have reserved all rights in the Work, which was first published in 2005 on http://www.cmsps.com/shortsaleforms and http://www.bestshortsaleforms.com, and I have registered the copyright.
Your work entitled SSF-008, Short Sale Forms and which appears on your web site at http://reoagentsource.com/realtystore/index.php?main_page=product_info&products_id=2:e69cb0dec6e16778f4c83cdbac368f23 is essentially identical to the Work and clearly used the Work as its basis.
You neither asked for nor received permission to use the Work as the basis for SSF-008, Short Sale Forms nor to make or distribute copies of it. Therefore, I believe you have willfully infringed my rights under 17 USC Section 101, et seq. and violated federal copyright law. Suit will be filed to which you will be liable for statutory damages as high as $100,000.
Copy of his web text:
Short Sale Forms Kit
$24.95
Editable Short Sale Forms
Designed in collaberation by a group of Banking Professionals, Investors, and Realtors for your use.
This Short Sale Form Packet is a digital download file, packed with all the Short Sale Forms, letters, and instructions
you will need to complete a short sale. These E-Z forms will help you to personalize your own documents with your
name and company information.
Get started today in the pre-foreclosure market. Become the expert in your area.
Short Sale Forms and Documents Included (All Editable in MS Word or Text)
Professional Lead Building Letter
Professionally Designed letter to help develop short sale leads. To be sent to Homeowners that just
received a NOD.
Initial Contact Form & Checklist
All the important info needed from the homeowner to qualify them for a Short Sale.
Authorization to Realease
This is needed to act on behalf of the homeowner to start negotiating the short sale. This is a Very
Important Short Sale Form.
Howeowner Acknowledgement
Important form that notifies the homeowner about the short sale process.
Required Homeowner Info
Saves valuable time and provides you with all the info to make a deal work.
Cover Letter
Shows the Lender you are the professional and organizes all the forms in the correct manner that the
banks wants to review them in.
Offer Summary Statement
Another Important Short Sale Form that the bank will review before all other documents. If you do not
have the correct info here, the bank usually rejects the package.
Hardship overview letter
A very important form that helps the homeowner create their hardship letter to the lender.
Homeowner Financial Statement
Repair Estimate Form
HUD-1 Form
One of the most important short sale forms - this will show the lender an entire financial overview. The
HUD-1 Forms are usually 199.00 for a title company. It is included Free in your Real Estate Short Sale
Forms Kit.
Please Choose:
larger image
Add to Cart: 1
Model: SSF-08
10000 Units in Stock
Download Zip File
Short Sale Forms Kit Complete Short Sale Forms Kit - Every Short Sale Form Needed [S... Page 1 of 2
http://reoagentsource.com/realtystore/index.php?main_page=product_info&cPath=1&prod... 10/2/2008
And now CMS:
Our $39.99, downloadable package includes everything you need to submit a complete short sale package to the lender and greatly improve the acceptance rate. We are confident these forms will be an integral part of your short sale transactions. From cultivating the lead, to submitting the offer, to closing the deal, all the pertinent documents are included in this package and are fully editable.
Documents and Forms Included
(Editable in MS Word)
Professional Lead Letter
Professionally formatted letter designed to develop short sale leads. This should be sent to homeowners that have just received a notice of default, which is recorded on public records.
Initial Contact Form / Forms Checklist
This two-part form is designed to assist in qualifying the residence and homeowner. Notes regarding the property, liens and homeowners financial situation can be recorded in one place. The bottom of the form serves as a checklist to ensure a complete short sale package is submitted.
Authorization to Release Information
This is required by the lender or lien holder for you to act as an intermediary for the homeowner.
Homeowner Acknowledgement
Numerous parties need to come to an agreement for a short sale to work. This form is designed to ensure the homeowner is aware that not all situations qualify for short sales and/or not all lenders will approve them.
Information Required From the Homeowner
This details the responsibilities and information the homeowner is required to provide for short sale consideration. This form saves a considerable amount of time by eliminating indecisive leads early in the process. If they don't want to provide the information included in the form, they are not serious short sale candidates.
Cover Letter/Checklist
This form provides a summary of the documents being submitted to the lender for approval and can serve as your fax coversheet.
Summary Offer Statement
Complete short sale packages require a summary of the homeowner's financial hardships that lead to their default. It should also summarize the terms of the offer and provide justification for the offer price.
Hardship Letter Overview
This form is designed to assist the homeowner in writing their financial hardship letter. Lenders require a detailed letter provided by the homeowner to qualify their financial situation for short sale approval. The homeowner needs to demonstrate they no longer can meet their financial obligations.
Documents and Forms Included
(Editable in MS Excel)
Homeowner Financial Statement
This is form lists the homeowners income and expenditures in a balance sheet format.
Repair Estimate
This provides an organized presentation of any needed property repairs. Includes a space for photographs, description of repair and estimated cost.
HUD-1
Why pay $50 for this one form? The HUD-1 is required by the lender to estimate the total amount due to the lender after all costs. The form is completely editable and the columns total automatically.
Invoice # 0000001308
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Payment Type: PayPal
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Download Information
Download Access ID: ftw8fumm2nh3
Address Information
Billing Address
Tim Grossglauser
Qty Item # Description Price Each Total Price
1 Mfg #SSF-010 Best Short Sale Forms $39.99 $39.99
His blog posting the day he bought the forms
Complete Realtor and Investor Short Sale Forms Kit
May 20, 2008 - Note the date of the post
(eFinanceWire.Org) - After fielding 1000's of phone calls a group of Nationwide Realtors have got together with banking Professionals and Investors to put together a Short Sale Form Kit.
Full Details of the Short Sale Forms kit can be seen at http://www.reoagentsource.com/
Many agents get listings and never understand the entire process or how to correctly submit a short sale form to a bank.
On the other hand, many investors are eager to get in touch with homeowners who just received a Notice of Default and would like to negotiate to purchase their home in a short sale situation, but do not have the required short sale form documents to start the negotiation.
After a group of professionals got together they have put together a Professional Short Sale Forms Kit that contains fully editable documents to Personalize to each deal they are working on. The Real Estate Short Sale Forms kit has 11+ very important documents and step by step checklist to make a short sale successful.
Many Investors and Agents go about Short Sales the wrong way and end up being rejected by the lenders because of simple issues that could be avoided. Issues such as incorrect forms, incorrect data, missing info, or as simple as submitting Short Sale Forms in the incorrect order in the package sent to the lender.
As Many Lenders have strict requirements on short sales, short sale forms are a huge advantage to Realtors and Investors. As Resent spikes in short sales for some lenders have just started to happen - hot topics such as citimortgage short sale forms and countrywide short sale forms are popping up all over the internet and little to no information or incorrect info is being read by investors and agents.
Serious Agents and Investors should look into this Short Sale Kit if they want to structure short sales in a correct and professional manner.
Full details at http://www.REOAgentSource.com/realtor/short-sale-forms.html
I am going into my 1st short sale here soon so I appreciate the insight.