Does anyone know what a authorization to release form is for when doing a short sale? I know that the bank wants it before they will talk to you. Is it to release information about the account to you or is to release the original borrower from the loan? Also where do you get this form or can it be a generally release form?
An Information Release Authorization is basically a piece of paper that you can type up yourself. Basically you’re asking the lender to release any/all loan information to you. Make sure you have your name, seller’s name(s), name of bank, loan number, and all signatures of the seller(s) and signed date.
Fax this form to the lender’s loss mitigation department and/or Foreclosure Dept.