Hi folks. Recently I was asked by a Florida Short Sale Agent when should they request a “Waiver of Deficiency” for their Seller. My response was to ask at time of submission and then in all lender correspondence thereafter.
An easy way to ask is to use a Short Sale Submission Letter. Below is the format I use for my Orlando Florida Short Sales.. Use this Short Sale Submission letter to outline the terms of the deal and provide any info you want the Lender to consider. I want this letter to be the first thing the lender sees. (4 comments)
deficiency waiver: When Should You Ask The Lender to "Waive the Deficiency"?
- 01/28/12 05:37 AM
Hi folks. Recently I was asked by a short sale agent when should they request a “Waiver of Deficiency” for their Seller. My response was to ask at time of submission and then in all lender correspondence thereafter.
An easy way to ask is to use a Short Sale Submission Letter. Below is the format I use. Use this Short Sale Submission letter to outline the terms of the deal and provide any info you want the Lender to consider. I want this letter to be the first thing the lender sees. If you are faxing or emailing your short (52 comments)