Need a listing agreement for convincing SS pack.?

Two quick questions for relating to a potential shortsale

  1. Does one need a listing agreement as part of a convincing shortsale package? Would an explanation explaining why the homeowner chose not to list the home suffice?

  2. Are there any obstacles (ie unconvincing hardship letter) that I am going to face when trying to shortsale a property whose owner has several other rental properties with rental income that do have equity?

Any suggestions or advice?

  1. No, a listing agreement is not needed.
  2. Good question. I don’t think they’ll do an asset search, but if they ask for financial records, I don’t think it will fly.

Regards