Short Sale Tip #2: The Letter of Authorization
February 20, 2008
Short Sale Tip #2: The Letter of Authorization..commonly referred to as the LOA,
Before you can even begin the short sale process, you will need to be given written authority to do so by the homeowner / borrower. Without having this document you can not even begin your short sale process. Simply put…no LOA..no short sale. It is that important.
Lenders typically do not want to disclose any of the homeowner / borrower information without written authorization to do so.
You will receive better cooperation if you have the homeowner / borrower provide you with written permission to speak to their mortgage lender about their loan.
The LOA should include the following:
a. All Borrower’s should be named
b. All Borrower’s Social Security numbers should be listed
c. Property Address
d. Lender / Creditor Names
e. Loan Numbers
f. Your Name
g. The Date
h. Your Name & Contact Information
Additionally you should name anyone in your office who should or may need to speak to the bank about this file.
Click Here For A Free Downloadable Copy In Our Free Forms & Documents Section
At our seminar workshop we show you how to write a properly formatted LOA and some additional clauses that need to be in the LOA to protect yourself and some clauses that can provide you with an opportunity to explore an additional profit center down the road.
If you are ready to take the next step in your real estate career and want to learn how to profit from foreclosures, make sure you enroll in one of our upcoming Pre-Foreclosure / Short Sale Seminar Workshops.You will learn how the foreclosure process works and how you can profit from this growing market. Instead of thinking that the market has turned against you, get educated and learn how to take advantage of this unbelievable opportunity for the educated real estate industry professional.
Ultimate Pre-Foreclosure & Short Sale Seminar Dates (more to be added)Ultimate Pre-Foreclosure & Short Sale Seminars (online version) : Learn the “Art of The Short Sale” from the quiet comfort of your own home or office. (coming soon)
March 8, 2008 - Miami, Florida - $250.00 discounted to $195.00 if you register prior to March 1, 2008 - REGISTER NOW
March 15, 2008 - West Palm Beach, Florida - $250.00 discounted to $195.00 if you register prior to March 8, 2008 - REGISTER NOW
March 22, 2008 - Orlando, Florida - $250.00 discounted to $195.00 if you register prior to March 15, 2008 - REGISTER NOW
See our video below to see what some of our past attendees had to say about the Ultimate Pre-Foreclosure & Short Sale Seminar!
This seminar presentation is unlike any other short sale seminar on the market. Many of our attendees have taken the class 3 and 4 times or more!
90% of our seminars sell out in advance.
If you feel that you can become a short sale expert by taking a rip-off imitation seminar or a free board seminar, then you are really missing the boat on short sale opportunities!
For more information on the 2008 Ultimate Pre-Foreclosure & Short Sale Seminar Series, please call us at 954-566-0923.
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