Working with Fifth Third

[Justin H.]

Fifth Third is a bank servicing a variety of states as far north as Michigan, south as FL, east as PA, west as Illinios. They are by far the hardest bank to deal with that I've experienced. They do not allow third party authorizations, they require a power of attorney.

Got through that part, now someone in the loss mitigation dept says a part of the short sale package is a listing agreement and something allowing them to talk with the realtor. I told him it's FSBO, not listed with a realtor or on the MLS. He said it has to be listed with a realtor to be considered for a short sale. Sounds ridiculous to me. Anyone have experiece with Fifth Third or a similar requirement?

Justin

[Scott Hubbard]

Other lenders too have this requirement. I expect this to become more popular. You should have a realtor on your team and this issue could be resolved by having you list the property using your POA with a realtor.

Instead of putting the owners name in the seller section, put "owner of record".

You sign it, Justin H, attorney in fact. Bing, bang, bong.... You have your listing agreement.