GreenTree's Shorting Criteria..

Guys,

Greentree told me that all they need to consider a short sale is:

1) payoff of 1st
2) offer letter

I'm thinking of providing more information to help me in the short sale, is this advisable? The house is in great shape so I can't send repair bids or pictures, however, I'm thinking of the hardship letter. What are your thoughts?

bginvestor

Comments(1)

  • beallrobert29th January, 2004

    I am working with them as we speak. they wanted a sales contract signed by myself and the current owners and a HUD-1 settlement statement. I sent them a property inspection as well, done by my guy, as well as pictures. They have done their BPO and it came back where I expected with me meeting the BPO agent at the house pointing out all of the defects. If they feel it is a serious offer and you have the homeowners on board they will guide you through the process. But back up what you think the property is worth with evidence.

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