Oct 27, 2009

Tip 33-2009: Short Sale - Authorization To Lender

The short sale lender, as part of the short sale application, requires an Authorization from the Seller to release information and discuss the short sale application with third parties. I recommend that this Authorization not only list the realtors but also name the attorney and paralegal representing the Seller as approved third parties. Also scan the Authorization and save it to your PC, as it will eventually need to be sent to the short sale lender more than once. (It’s amazing how often they lose or never can find the initial Authorization.)

Please contact me if you have any questions.

William D. Tucker, III
Tucker Griffin Barnes P.C.
Charlottesville, Virginia

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