Is there a standard form I will need to speak with the lender of the home I want to take control of. Or should he just sign a typed letter, saying I have permission.
I/We hereby authorize you to release to YOUR NAME OR COMPANY NAME or its agents and assigns any and all information that they may require for the transfer or payoff about my loan/account for the above referenced property. “Agents” shall include all real estate agents, attorneys and their assistants. You may reproduce this document to acquire reference from more than one source.
____________________ ________________ _______
Borrower Social Security # Date
that is basically the form. i believe the one i use is from w dot deal makers http://www.cafe.com. it is really basic and i like it a lot.[ Edited by ryand on Date 02/17/2005 ]
All this sounds good, thanks. I spoke with the home owner last night. He says he wants to try to make one last effort or deal with wells fargo. If he cant, than he will sell to me. Hot Dog!!!!House is due to sell on the 7th, is there enough time for him. He just started working again 2 months ago.
A signed and NOTORIXED letter giving the bank persission to discuss their loan with the bank is needed.
Hopefully this will help and you can read it:
Authorization to Release Information
Lender: ____________________________________
Loan/Account Number: __________________________
Property Address: _____________________________
I/We hereby authorize you to release to YOUR NAME OR COMPANY NAME or its agents and assigns any and all information that they may require for the transfer or payoff about my loan/account for the above referenced property. “Agents” shall include all real estate agents, attorneys and their assistants. You may reproduce this document to acquire reference from more than one source.
____________________ ________________ _______
Borrower Social Security # Date
Borrower’s Printed Name: _____________________________
____________________ ________________ _______
Co-Borrower Social Security # Date
Co-Borrower’s Printed Name: ___________________________
[ Edited by 205JUNKERScom on Date 02/17/2005 ]
that is basically the form. i believe the one i use is from w dot deal makers http://www.cafe.com. it is really basic and i like it a lot.[ Edited by ryand on Date 02/17/2005 ]
Call the bank together. They can authorize you over the telephone. ((most banks))
Good Discussing
All this sounds good, thanks. I spoke with the home owner last night. He says he wants to try to make one last effort or deal with wells fargo. If he cant, than he will sell to me. Hot Dog!!!!House is due to sell on the 7th, is there enough time for him. He just started working again 2 months ago.