As we discussed in the previous post yesterday, short sales are probably one of the most time consuming sales to deal with. The amount of energy before the home goes on the market probably takes more than half of the time constraints. Getting all of your information together ahead of time will make or break the deal.
Bank authorizations are a key piece of documentation that has got to be signed in order for the Realtor agent to communicate with the lean holder of the property. It allows communication back and forth and keeps the seller out of the negotiation process. This prevents any personal feelings from entering into the transaction.
The seller financial worksheet is what the home owner owes for all of the assets. This must be true to the best of the seller’s ability. Any asset such as cars, credit cards, medical, and including utilities etc. This worksheet places everything on paper that the lean holder can evaluate the current state of the seller’s financial situation.
Part three will be next!
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