Authorization is very important, especially in a business-oriented environment. As an individual with higher authority, you would need to give authorization to another individual or group of individuals. Many authorization letters involve just asking for permission, and that’s all, but the short sales authorization come a bit different from many others. The Authorization Letter gives the Receiver the Authority to carry out actions.
First of all, you need to understand the meaning of a short sale. A short sale can be well defined in the real estate world. It involves a sale of real estate by the homeowner with the aim of avoiding foreclosure. The money earned by the sale will fall short of the debt owned the property. So this type of letter is mainly written for asking for permission to conduct a short sale.
Tips to write a Short Sales Authorization Letter
A short sale authorization letter requires some certain fields to be stated in the body of the letter, especially if you are writing to the lender or a bank asking for a short sale. These important points include the following-
- Commissions – Like all sales you do for another party there is always commission, you should state the commission allowable.
- Selling price – Make sure to give the selling price of the property that will be sold during the short sale.
- Closing costs – During a sale, you are required most of the times to have closing costs, that is the maximum closing costs during the short sale, so having it in the letter is important.
- Dates – While writing the letter you should give the duration and the exact dates of opening and closing of the short sale.
- Finally, when you have kept the following in mind, don’t forget to have the letter in a formal and official tone.
Template
Use our free Short Sales Authorization Letter to help you get started. If you need additional help or more examples check out some of the sample letters below.
From,
__________
__________
__________
__________
Date: _____ (Date on Which Letter is Written)
To,
__________
__________
__________
__________
Subject: Short Sale Authorization Letter
Dear Sir/Madam,
We are writing this letter with the main aim of requesting for a short sale. We are falling back on our mortgage payments and we are also in a financial dilemma.
Kindly consider this letter as our authorization for you to deal with following persons regarding our case. _________ (state the person and the company)
We request you to do all the correspondence regarding a short sale. We have given them the full authority to work with our accounts, so please contact one of the persons mentioned above in case of any questions or concerns.
Giving us this authorization will be of great help and appreciation.
Thanking You,
Yours truly,
Name and Signature.
Sample Letter
From,
Brian and Grace Sellers
Property Builders
P.O. Box 62000-002, Nairobi
February 26, 2017.
To,
Abigail Mathew
Bank of India
Loan Numbers: 1234567891011
Subject: Short Sale Authorization Letter
Dear Ms. Abigail Mathew,
We are writing to ask for authorization and to discuss any matters about the above-referenced loan with my officer, or any employee at Jubilee Insurance Company, and my women’s organization Group, Real Estate Sales Associates, or any employee at Smoke signal Company.
This authorization includes information regarding the requirements needed for a short sale, Any loan information, and the status of any foreclosure proceedings and the possibility of a short sale, Venza short sale for the above-referenced loan.
My Jubilee Officers are Riz Venza.
My Real Estate Sales Associates are: Max and Wayne Jackson / Cell phone: 0702774372 /
FAX: 070713251
Authorized By:
_________________________________ SS#_________000-00-0000__________
Brian Seller
_________________________________ SS#_________000-00-0000___________
Grace Seller
Address: P.O. Box 62500-00212, Nairobi
Brian’s Contact number: 0702774372
Graces Contact number: 0702774372
Email Format
The following is the Email Format to be followed for a Short Sales Authorization Letter.
To: name@email.com
From: name@email.com
SUBJECT: Short Sales Authorization Letter
Dear Mr./Ms/Mrs.______(Name of the recipient)
This is a short sales authorization letter. It consists of a proposal about the short sales program. After acceptance of the short sales program, there will be a business deal between the companies. A discount on profit made will be given to the sales company.
We have a short sales program so thus we are giving you a proposal. It is an authorization on behalf of Robert sales Pvt. Ltd. We have business ties with rose Pvt Ltd since many years. We have till now given you satisfactory results.
A short sales plan is needed for the new products of rose Pvt Ltd. This program will surely increase the profit of your company. An email containing the various marketing, promotion, and sales plans is sent to you. A meeting proposal to discuss the plans is sent to you.
We promise you service and results. Please authorize our short sales program. You can contact us on our website given to you if needed.
Sincerely,
(Name of the sender)
(Name of the company)
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