Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

The Eight Steps in a Short Sale Process
The Eight Steps in a Short Sale Process. This is part five of "What Is A Short Sale?"
   1- Call the Lender      You may need to make a half dozen phone calls before you find the person responsible for handling short sales. You do not want to talk to the "real estate short sale" or "work out" department, you want the supervisor's name, the name of the individual capable of making a decision.   2- Submit Letter of Authorization      Lenders typically do not want to disclose any of your personal information without written authorization to do so. If you are working with a real estate agent, closing agent, title company or lawyer, you will receive better cooperation if you write a letter to the lender giving the lender permission to talk with those specific interested parties about your loan. The letter should include the following:          o Property Address          o Loan Reference Number          o Your Name          o The Date          o Your Agent's Name & Contact Information    3- Preliminary Net Sheet      This is an estimated closing statement that shows the sales price you expect to receive and all the costs of sale, unpaid loan balances, outstanding payments due and late fees, including real ... more

__________________________________________________
Are you on The Rain? Grow Your Network!