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 [...]
Although all lenders have varying requirements and may demand that a borrower submit a wide array of documentation, there are 10 Essential Elements of A Short Sale Package.
People often ask us in our Short Sale Seminars why we do not look at condos. Today we read about a story that explains it better than we ever could have. Here is an article from the Detroit Free Press that explains it all.
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