Updated over 19 years ago on . Most recent reply
A Must Have Form For Short Sales
Once you make contact with the homeowner you obviously must get the Authorization to Release but a document I discovered that is vital is a Cease-and-Desist letter. As you probably know lenders are calling homeowners eveyday to try to get money or a workout of some sort. Homeowners can ruin a deal if they are not coached properly I have lost thousands from homeowners talking too much. The Cease-and-Desist letter is sent to the lender stating do not call homeowner for any reason. This will keep you in control and eliminate any mistakes. All contacts should be directed to you the investor.
Remember be ethical in this business and if it feels dirty it probably is. Always disclose everything and keep the business clean and the law will leave us alone to make a living.