More than one person is on mortgage. I know that we need everyone that is on the loan to provide info etc for the short sale to take place, however, is one borrowers name and signature on the authorization enough to start communicating with the lender?
Sara Mehrpouyan
Los Angeles
Tags:
For some banks it may be, but I would get it as soon as possible
Depends...some lenders allow you to talk with them as long as the primary borrower has authorized it. However, if you get an especially thorough rep, they may not. Always better to have everyone who is a borrower sign off from the get-go.
It does depend on the bank, but I would get both of their signatures on the authorization.
I always have everyone sign it.
Most banks require all borrowers on the loan to sign every document - including the authorization. Due to the length of time it sometimes requires to get the documents received, reviewed and accepted into their system - I would definitely just get everyone's up-front. In short sales... getting more will never cause a delay.
Started by Jill Savva in General Discussion Jan 31, 2017. 0 Replies 0 Likes
Started by Jan Baron in Rants and Raves. Last reply by Anna Wilk Jan 14, 2016. 5 Replies 2 Likes
Started by Celeste ODea in General Discussion. Last reply by Brett Goldsmith Sep 4, 2015. 3 Replies 0 Likes
Started by Colleen J Couse in Rants and Raves. Last reply by Brett Goldsmith Sep 3, 2015. 1 Reply 0 Likes
Started by Alisa Bair in Help Wanted! Aug 28, 2015. 0 Replies 0 Likes
© 2022 Created by Mike Linkenauger.
Powered by
Always seek legal advice and representation in legal and tax related matters. The Short Sale Specialist Network and LinkUp Realty assume no responsibility for the content of this website. The opinions, views and information should never be taken as legal advice. Keep in mind that this is an open forum website for anyone to join. The owners of this website do not directly offer short sale assistance on this site, nor do we guarantee or offer any type of screening prior to joining this website. Real estate agents posting on this forum do so at their leisure, and are not regulated by the site owner. Sawgrass Homes for Sale. Nocatee Homes for Sale.