Usually when I find a property that is in default it is vacant. In order to start a short sale do I have to contact the borrower or can I contact the lender directly? I only ask because it seems the only way I can contact the borrower is to send a letter and hope it gets to them and then hope that they answer it. Is there a better way?
Thanks in advance.
2006-07-27 04:28:04 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You will need to contact the borrower, because the lender won't talk to you unless you have a signed "Authorization to Release Information" from the borrower.
You may want to try using a skip tracing service to find the homeowner, they have a lot of ways to find a person.
2006-07-27 05:30:13 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You will need to contact the owner/borrower. In order to have a "short sale" you need to have a sale. You and the owner/borrower need to agree on terms before you can go to the lender and see if they will accept a short sale. Good Luck
2006-07-27 05:12:06 · answer #2 · answered by jimmy dean 3 · 0⤊ 0⤋