Short Sale forms??

Comments(9)

• 
  TheShortSalePro7th June, 2003

  Since the purchase of a mortgage doesn't involve the Homeowner/Mortgagor, their permission isn't necessary. Typically, they are removed from this type of transaction, and have no say who can or cannot hold the mortgage/note.
  
  Simply make your offer to purchase the mortgage via an assignment. I usually include a good faith deposit check, and the Proposal used to support my request for a steep discount. You may also want to devise a way that they can communicate their of acceptance of your offer (so that you can complete your due diligence).

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  jllaco7th June, 2003

  I have filled out the Mortage Purchase Agreement, supplied by this website. Is this the correct form to submit an offer to the bank? It ask for the owners informatin, but no loan, mortgagor info. Am I supposed use a different form?

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  TheShortSalePro7th June, 2003

  I'm sorry. I'm not familar with the form. If the form doesn't make sense to you, perhaps it's the wrong form. What are you trying to accomplish?
  
  Your post indicated that you are seeking to purchase a mortgage.

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  jllaco7th June, 2003

  I am trying to submit a short sale bid, I plan on contacting the lender Monday. What should I submit? Any standard forms?

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  TheShortSalePro7th June, 2003

  If you are are seeking to purchase the property, then you would not want a mortgage purchase agreement. Thats a totally different animal.
  
  Have the Homeowners contact their mortgagee and request a short sale workout application. That's the first step.
  
  You should check out A Short Sale Primer by clicking on the shopping cart and following the links.

• 
  ShortSaleExpert7th June, 2003

  Call me Monday morning, I wil walk you through the process no charge for first time investor. 718-341-2327. or come to buy bootcamp.. www.jamesbayfield.com for more information

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  RALPHN5048th June, 2003

  JLLAKO:
  You will find any form on short sale except the hud-1 settlement (go here:http://www.easyhud.com/index.php
  other forms are at this site:
  http://www.foreclosureforum.com/forms/
  
  GOOD LUCK

• 
  jllaco8th June, 2003

  Thanks Ralph!
  
  Have you been through the process? Is each lender different in their request? Is it best to start withthe lender and ask or have a basic offer package then add to it as they request more data?

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  RALPHN5048th June, 2003

  not yet-working 1st deal soon-GOOD LUCK!