**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—CitiMortgage, for example—provide their own 3rd Party Letter of Authorization form. However, most do not. Near the bottom of this page, I’m providing some links to bank-specific 3rd Party Letter of Authorization forms, for reference.
We 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, direct any and all questions they might have to Kara. Our job is to make the short sale process easy and to lessen stress.
EXAMPLE #1:
Bank 3rd Party Letter of Authorization Short Sale Template for One Borrower
Bank 3rd Party Letter of Authorization Short Sale Template for Two Borrowers
Bank-Specific Examples:
Click here for the CitiMortgage 3rd Party Letter of Authorization
Click here for the Chase 3rd Party Letter of Authorization
Click here for the 1st page of the B of A 3rd Party Letter of Authorization
Click here for the 2nd page of the B of A 3rd Party Letter of Authorization
K&K Short Sales of Sonoma County 707.292.8162
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
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
Kara! These are great and the site looks fabulous too!
August 21, 2012 at 3:41 pm