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**Templates—3rd Party Authorization**

3rd Party Letter of Authorization

Written consent is required by all lenders for anyone besides the borrower or co-borrower to speak to them about the account(s). The following two examples are generic and can be used with any mortgage lender. Some banks that we’ve worked with—Aurora, for example—provide their own 3rd Party Letter of Authorization form. However, most do not.

Your Realtor will need to submit this letter via fax or by uploading it into the Equator system (depending on the bank) before any lender will talk to them regarding a specific account. If your lender is calling you eighteen times a day about defaulting on a payment, as the borrower, you can direct any and all questions they might have to your Realtor. Your realtor’s job is to make the short sale process easy and to lessen stress.

EXAMPLE #1:

3 Responses

  1. Katie MacDonald

    Thanks so much for the templates. I’m going through a B of A short sale right now. Does B of A provide their own 3rd party authorization templates? & adding a hardship letter template would be much appreciated!

    July 3, 2012 at 11:18 pm

  2. Hi Katie, B of A does require their own 3rd Party Letter of Authorization forms. Your Realtor should provide you with it. As for hardship letter templates… I will add those in the next couple of weeks. Thanks for the suggestion!

    July 4, 2012 at 12:22 am

  3. Lindsay Daher

    Kara! These are great and the site looks fabulous too!

    August 21, 2012 at 3:41 pm

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