Getting bank info.

Authorization to Release Information

Authorization dated this ____ day of _______, 200____

Borrower(s): ____________________________________

Loan No.: ______________________________________

Property: ______________________________________

TO:
__________________________________________________________

__________________________________________________________

__________________________________________________________

I/We the undersigned hereby authorize you to release information regarding the above-referenced property and related items to _______ and/or their agents/assigns. Related items to the above-referenced property include but are not limited to any loans, liens, deed of trusts, contracts, statements, notices and/or agreements.

This form may be duplicated in blank and or sent via facsimile transmission. This authorization is a continuation authorization for said persons to receive information about my loan, including duplicates of any notices sent to me regarding my loan or property.

________________________________ DOB: ___________________________
Borrower
SSN: ___________________________

________________________________ DOB: ___________________________
Borrower
SSN: ___________________________

see these FORMS also:
http://www.deangraziosi.com/yourtown/gregforms

I appreciate your help. Thank you so much.

More than likely the bank will ask you about your relationship to their client. Just tell them that you are helping those people with their finances. This is the truth and it is all the bank needs to know. You don't want to raise any red flags.
Good luck to you.
Thomas

Thomas added the last piece that I was going to mention.

Good luck to you,

You guys are great! Very helpful.

I don't live near the seller. Once I have her fill out, scan, and email the form back to me, how do I get this to the bank? Can I email it over? Can I request that they email me the information? How do they usually want to hand over the info.?

Do I just put my name, address, phone, etc. on the form? I don't have a business set up. I don't want to raise any red flags as have been mentioned.

I guess a quick walk through of this process would be helpful. I want to get the info. as quickly as possible so I can get it under contract.

Thanks

I did this once and I called the bank myself. I got the bank's contact number (CS #) from the seller. I called the bank's CS # and told them I needed to fax an authorization to release information on loan # _____. They gave me their Fax #. I then faxed the authorization to release mortgage information (signed by the seller) to the bank. I called them the next day and they gave me balance due, payment amount, last payment made, late payments, etc. They did ask what I needed it for and I told them I was planning on buying the property. This particular property had a late payment and they had already started talking about foreclosure initiation. (This was BOA!!) They had no problem with giving me the information once they had the signed authorization. I asked them to also mail me a copy since I do not have a fax machine. I got it in a couple of days. Hope this helps!
Shirley