Before you can even begin the short sale process, you will need to be given written authority to do so by the
homeowner / borrower. Without having this document you can not even begin your short sale process. Simply put...no LOA..no short sale. It is that important.
Lenders typically do not want to disclose any of the homeowner / borrower information without written authorization to do so.
You will receive better cooperation if you have the homeowner / borrower provide you with written permission to speak to their mortgage lender about their loan.
The LOA should include the following:
a. All Borrower's should be named
b. All Borrower's Social Security numbers should be listed
c. Property Address
d. Lender / Creditor Names
e. Loan Numbers
f. Your Name
g. The Date
h. Your Name & Contact Information
You will find this workshop to be unlike any other.
Our content is quite comprehensive and you will walk away from this workshop knowing how to actually execute a successful short sale.
If anyone has anything to add to this please feel free to
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