Step 4: Get in Touch With the Sellers LenderBefore you can speak to the lender, the homeowner has to complete and sign a notarized authorization letter. It can be broken down into seven steps:Step 1: Find Short Sales in Your AreaLook for short sales by checking online listings and using a real estate agent who has experience with short sale transactions. Make sure its in line with your budget and what youre looking for in a house. Try to get a sense of the value of the home by working with your own agent to compare it to similar properties in the area. Heres a list of what should be included with the offer:A purchase and sale contract (signed by the seller and buyer)Buyers preapproval letterSellers hardship letterComparable home sales in the same areaDescription of the costs and liabilitiesSettlement statementStep 6: Negotiate the Terms of The DealBe prepared to negotiate.
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