I would never recommend negotiation a shortsale yourself because it is a huge pain in the butt, but if you decide you want to try you will need a letter of authorization signed by the owner before they will talk to you. (see attached)
LETTER OF AUTHORIZATION
Date:
Property and Mortgage / Lien Holder Information
To: 1st Mortgage / Lien Holder: _______________________________
Re: 1st Mortgage or Loan / Account Number: ____________________
To: 2nd Mortgage / Lien Holder: _______________________________
Re: 2nd Mortgage or Loan / Account Number: ____________________
To: Other Mortgage / Lien Holder: _______________________________
Re: Other Mortgage or Loan / Account Number: ____________________
I, ________________________________________, & _________________________________,
Borrower Co-Borrower
herewith give the above referenced mortgage holder / lender, attorney, servicer, and/or insurer of the mortgage loan or credit card debt referenced above permission to speak with and disclose financial records pertaining to the loan or debt to John Doe of Doe Associates, Friendly Title Company, Acme Realty and or each of their respective assigns, associates, employees or agents.
A facsimile copy of this document may serve with all of the rights and legalities as an original.
Accordingly, I agree to indemnify and hold harmless, John Doe of Doe Associates, Friendly Title Company, Acme Realty and or each of their respective assigns, associates, employees or agents from any liability for actions taken by the lender or as a result of this contemplated short sale transaction.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
I would never recommend negotiation a shortsale yourself because it is a huge pain in the butt, but if you decide you want to try you will need a letter of authorization signed by the owner before they will talk to you. (see attached)
LETTER OF AUTHORIZATION
Date:
Property and Mortgage / Lien Holder Information
To: 1st Mortgage / Lien Holder: _______________________________
Re: 1st Mortgage or Loan / Account Number: ____________________
To: 2nd Mortgage / Lien Holder: _______________________________
Re: 2nd Mortgage or Loan / Account Number: ____________________
To: Other Mortgage / Lien Holder: _______________________________
Re: Other Mortgage or Loan / Account Number: ____________________
Property & Borrower / Homeowner Information
Property Address: ___________________________ City: __________________ State:______
Property Owner(s) Name: ____________________________ & ___________________________
Primary Borrower SSN: ___________________ Co-Borrower SSN: ___________________
To Whom It May Concern:
I, ________________________________________, & _________________________________,
Borrower Co-Borrower
herewith give the above referenced mortgage holder / lender, attorney, servicer, and/or insurer of the mortgage loan or credit card debt referenced above permission to speak with and disclose financial records pertaining to the loan or debt to John Doe of Doe Associates, Friendly Title Company, Acme Realty and or each of their respective assigns, associates, employees or agents.
A facsimile copy of this document may serve with all of the rights and legalities as an original.
Accordingly, I agree to indemnify and hold harmless, John Doe of Doe Associates, Friendly Title Company, Acme Realty and or each of their respective assigns, associates, employees or agents from any liability for actions taken by the lender or as a result of this contemplated short sale transaction.
Dated this the ____ day of July, 2007.
_________________________________ _________________________________
Borrower Co-Borrower
__________________
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125