Constructing the Short-Sale Proposal

Constructing the Short-Sale Proposal

You will need to prepare a short-sale proposal to submit to the lender. Your proposal should be neat in appearance and prepared like a professional document.

Start with a cover sheet addressed to your contact at the lender’s loss mitigation department. Add an overview and reason for the proposal.

State that you offer is contingent upon the lender’s acceptance. Request a time frame for response, after which you may withdraw your offer. You want to motivate the lender to respond.

Next, include an outline or index of the documents included in the package. Some on those elements should include.

The Authorization to Release Information

This a copy of the form you had the owner fill out and send to the loss mitigation contact you work with in order to obtain all appropriate information regarding the loan and outstanding balance.