Requesting Short Sale Package Form The Bank
I’ve called the Loss Mitigation Department to request Short Sale package and was told that the Seller needs to request “loss mitigation package” not me…
I am a little confused because I thought I should be able to do it myself…
Should I have seller sign some sort of a form before requesting the package 
Am I doing something wrong here
Thank you!
Yeah,
Get an POA signed by the seller, fax that to the lender, then BS with them on the phone regarding what you want and where to send it.. As well, find out back payments amounts, past due time, time to review for foreclosure, extensions of ppl who can help you, names, types of short sales they commonly do, figures, percentages, etc. TALK to someone, it ain't hard to get them on the phone and drag the info out of the lender..
Chris
Chris,
what is POA? Is that an official form or some sort of agreement I have to draft myself? Do you know where I can see a sample?
Thank you again!!!
Alex
Power of Attorney
Here's a sample form:
****Must Reach Senior Investor status before posting URL's***
Could you please send me that link via privet msg?
thanks!
Hi akasman,
Generally you should be able to request the SS package be sent out. I often times have the bank fax it to me directly and then I take it to the owner.
All banks are different, but it may be just as simple to talk with another L/M rep in the department. Best of Success!
BAMZ
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You need to have the seller sign an "Authorization to Release" form. Then fax that form over to the bank while you are talking to them, then call back make sure they got it and tell them you are helping the sellers with their financial affairs and need to see if they have a short sale package.
That should work perfectly.
If you need anything, private message or email me.
Christian "The Solutions Kid" Beebe
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