Short Sale Help !!!

[Rob B.]

Hey All,

New to the site, and enjoying all the posts so far. I'm seeking some advice on a deal I'm working on.

I'll summarize the details for you. I got a call from one of my bandit signs.

Located a great property, the owner is deceased, no living heirs and the Executor no longer wants to be Hassled by the bank or maintain the property. He decided to let the bank foreclose and the auction was scheduled, then the morning of the auction it was called off and all commination ceased with the bank, side note this was two yrs ago.

I have suggested we resume discussions with the bank, and from those conversations the bank suggested we complete a short sale application which we are in the process of doing.

However, the application is geared toward the borrower so my questions would be this,

1.) How does the Executor complete this form if they aren't the borrower?

2.) The application is requesting personal financial history, of the borrower and the Executor has no interest providing this information since they aren't the mortgage holder, and have zero financial responsibility regarding the property.

How do I overcome this objection so the bank will allow us to proceed ?

Thanks Guys