I’m about to do my first short sale, and need any help possible getting the necessary paperwork together, a checklist, etc.
The homeowner has two mortgages.
Have your seller sign an authorization to release information form, giving you the authority to speak to their lender/s. Fax it to the bank/s. Then contact the bank/s and ask them to send you a short sale package. Requirements may differ, depending on which bank and and what type of loan (FHA, VA, Conv.) Hope this helps!.
Sounds good. The couple is divorced, so I’ll have to get authorizations signed by both of them.
What would be the future steps (I’m also an agent btw)