For making a successful short sale, you need to know that you cannot start on anything before you give Letter of Authorization or LOA to your Realtor. This is a document issued by the owner of the property or borrower (i.e. you) stating that he/she authorizes the Realtor to start working on your short sale package. So this is important. It is important because lenders would not want to disclose any information of the owner without their written permission.
This LOA should include all the below mentioned information:
1. Name of all borrowers
2. Social security numbers (SSN’s) of all borrowers
3. Address of property
4. Lender/creditor/bank’s name
5. Your name and contact information
6. Name of anyone in your office who may need to help with access to the file
7. And date
We can help you in preparing a perfectly formatted letter of authorization. Apart from this, we also show you what more clauses you can include to put yourself in a position of strength. Making a decent LOA could also show you more profitable steps to take in the same deal!
We are here to show you and educate you on what move to make and how to get the most out of it!
Do You need short sale agent
You can seek help and education from me which is necessary to make educated decisions.
Pearl Ahlquist
7921 Kingswood Dr. A6
Citrus Heights CA 95610
http:www.loanrecourse.com
McKayland Realty
916-708-3851
01149313