As of December 31, 2016 Nationstar Mortgage has over 2.9 million customers. Nationstar Mortgage provides services and solutions to home buyers, home sellers, homeowners, investors and other real estate market participants. At the moment we will talk about Nationstar Mortgage short sale third party authorization form. What is Nationstar Mortgage short sale third party authorization form? It is the options for the homeowner or for the customer of Nationstar Mortgage when they want to do a short sale. Usually every bank requires a third-party authorization. What the purpose of Nationstar Mortgage short sale third party authorization? One of the purposes of Nationstar Mortgage short sale third party authorization is to prevent the bank from getting sued by the customer. There are the commonly used basic components of a third party authorization: The name of the individuals noted on the mortgage documents, The property address, city, state, and ZIP, Name of the party authorized to speak to your bank (most likely your real estate agent) and contact information, including address, email, and phone / fax numbers, Your loan number, Term of the authorization, from inception to termination, Date the authorization is signed, A place for your signature, Personal identification such as the last 4 digits of your Social Security number.
Besides Nationstar Mortgage short sale third party authorization form, there is also Nationstar 3rd party authorization form. Let’s we learn also about that. Nationstar 3rd party authorization is the suitable type to the people with faild qualifications. Nationstar 3rd party authorization is very help the people who lack of qualifications to finance a home. The people who failed qualifications to finance a home, and then they ask their family members to be the third party as guarantor. In that case actually the actual borrower is still has the responsibility to make monthly payment. Than the third party will have nothing to do with making the monthly payment. The third party is just helps you to be the third party as guarantor. If you want to soon have a home but you are failed qualification to finance home, so we think Nationstar 3rd party authorization is a great solution to you so that you can soon have your dream home before your dream home takes by other people or the price of the property rises up.
If you take a home by Nationstar 3rd party authorization, there is additional fee which should you pays to the third party. Nationstar 3rd party authorization is different from usual mortgage loan. The amount of fee is varying depending on the mortgage’s contract. Sometimes the amount of fee can be quite high. Therefore, you should do a bargaining with the third party as guarantor and the second party as the lender. If you are success in bargaining with the third party, it is not impossible for you to make the fees will be lower. The last we hope the information about Nationstar Mortgage short sale third party authorization form and Nationstar 3rd party authorization form are useful for you.