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
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.