Get the free ShortSale Approval Letter - Houston Short Sale

Indy Mac Mortgage Services, A Division of The Newest Bank 2900 Esperanza Crossing Austin, TX 78758 Date: October 13, 2010, Borrower (s): Loan No: Property: CHRISTOPHER FIELDS 1011366430 4734 W ALABAMA

How to fill out shortsale approval letter

How to fill out a shortsale approval letter:

1. Start by addressing the letter to the appropriate parties, including the lender or bank who will be reviewing the shortsale request.
2. Clearly state the purpose of the letter, which is to request approval for a shortsale of a property.
3. Include the property address and any relevant details about the property, such as the current market value and any outstanding liens or mortgages.
4. Provide a brief explanation of why a shortsale is necessary, such as financial hardship or a decrease in property value.
5. Include supporting documentation, such as financial statements, bank statements, and any other evidence that supports the need for a shortsale.
6. State the desired terms of the shortsale, such as the proposed sale price and any requested concessions.
7. End the letter with a statement of appreciation for considering the shortsale request and provide contact information for any further inquiries or to provide additional documentation.

Who needs a shortsale approval letter:

1. Homeowners who are facing financial hardship and are unable to continue making mortgage payments.
2. Real estate agents who are representing homeowners in the shortsale process and need to provide documentation to lenders.
3. Lenders or banks who require a formal request for shortsale approval in order to consider accepting a lower payoff amount for a property.

For pdfFiller’s FAQs

What is shortsale approval letter?

A shortsale approval letter is a document issued by a lender indicating their approval for a shortsale of a property.

Who is required to file shortsale approval letter?

The seller of the property and their real estate agent are typically required to file the shortsale approval letter with the lender.

How to fill out shortsale approval letter?

The shortsale approval letter is typically filled out by the seller and their real estate agent, providing necessary information about the property and the proposed shortsale.

What is the purpose of shortsale approval letter?

The purpose of the shortsale approval letter is to formally request approval from the lender to sell a property for less than the amount owed on the mortgage.

What information must be reported on shortsale approval letter?

The shortsale approval letter must include details about the property, the proposed sale price, financial information about the seller, and any other relevant information requested by the lender.

How do I execute shortsale approval letter online?

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