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Updated almost 14 years ago,

User Stats

359
Posts
199
Votes
Michael G.
  • Wholesaler
  • Bay Shore, NY
199
Votes |
359
Posts

SS # number on Authorization to Release Form

Michael G.
  • Wholesaler
  • Bay Shore, NY
Posted

So I tracked down the seller of a home she walked away from. Its right in my farm area. Perfect short sale candidate. So i'm 10 minutes into the conversation with the seller and I'm feeling the love. She says the magic sentence "What do you need from me" . YES! in the bag right? WRONG. I tell her I just need her to return the Authorization to Release Information form. She says "That asks for my SS#...you need my SS#?" Me: Yes. Seller: I don't feel comfortable doing that. Me: This is common practice. The lender will not allow me to speak with them about the property without the authorization form. I assure you that I would not risk my business or personal reputation by doing anything inappropiate with your personal information. Seller: I dont care. I dont know you and I dont give my personal information to people who send me letters in the mail and show up on my doorstep.(I think to myself "hmmmm...she has a good point...how do I respond to that?) Me: I tell her that if you call an attorney and ask them about the short sale process they will request the same information. The bank will not allow me to speak to them without this info. Seller: I'll call you if I'm interested. (ouch...insert image of deal flushing down the toilet bowl). Actually she said she would ask some people about if this were on the up and up or something to that effect. My questions: a) Can I submit an Authorization to Release Form to a lender without the sellers SS#? b) Is there a way to sign a legal document in front of an attorney that basically says I will use the sellers personal information soley and exclusively for retrieving information from the lender about the property? Maybe that would make her feel more comfortable? I'm open to any and all suggestions on this issue. So close, yet so far...

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