Get the free Short sale approval letter

Mail Stop AZ18050304 2505 W. Chandler Blvd. Chandler, AZ 85224 Notice Date: November 30, 2011, Account No.: 872252324 Matthew J Nephew 4326 E Carla Vista Dr Gilbert, AZ 85295 Property Address: 4326

How to fill out short sale approval letter

How to fill out a short sale approval letter:

1. Start by addressing the letter to the appropriate party or department. This could be the lender, the loan servicer, or any other relevant entity.
2. Include your contact information at the top of the letter. This should include your name, address, phone number, and email address. It's important to provide accurate contact information so that the recipient can easily reach you if necessary.
3. Clearly state the purpose of the letter, which is to request approval for a short sale. Be concise and specific about what you are seeking and why you believe a short sale is the best solution for your situation.
4. Provide a brief overview of your financial hardship. Explain the circumstances that have led to your inability to continue making mortgage payments. This could include job loss, medical expenses, divorce, or any other relevant factors.
5. Include documentation to support your claims. This could include bank statements, pay stubs, tax returns, or any other financial records that demonstrate your financial hardship. Make sure to clearly label and organize these documents for easy reference.
6. Outline your proposed short sale terms. Specify the sale price you are seeking and any other conditions or agreements you would like to include in the transaction. It may also be helpful to explain any efforts you have made to sell the property or seek alternative solutions.
7. End the letter by expressing your willingness to cooperate and provide any additional information or documentation that may be required. Thank the recipient for their time and consideration.

Who needs a short sale approval letter?

1. Homeowners who are facing financial hardship and are unable to continue making mortgage payments.
2. Homeowners who have exhausted other options such as loan modifications or refinancing.
3. Real estate agents or brokers who are working on behalf of the homeowner to facilitate the short sale process.
4. Lenders or loan servicers who are responsible for reviewing and approving short sale requests.
5. Anyone involved in the real estate transaction who requires documentation and proof of approval for the short sale.

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What is short sale approval letter?

A short sale approval letter is a document issued by a lender or financial institution that gives approval for a property to be sold at a price lower than the remaining mortgage balance.

Who is required to file short sale approval letter?

The seller, their real estate agent, or their attorney is required to file the short sale approval letter with the lender.

How to fill out short sale approval letter?

The short sale approval letter must be filled out by providing all necessary information about the property, the seller, the buyer, the sales price, and any other relevant details.

What is the purpose of short sale approval letter?

The purpose of the short sale approval letter is to formally approve the sale of a property at a price below the mortgage balance, allowing the transaction to proceed.

What information must be reported on short sale approval letter?

The short sale approval letter must include details about the property, the seller, the buyer, the sales price, the reason for the short sale, and any other relevant information as requested by the lender.