Authorization to Release Information

[Bruce Gibson]

I was told by investors from my local REIA to get the seller who's facing pre foreclosure to sign an authorization to release information form. The issue with that is the seller leaves in North Carolina, and the property is in Mississippi. My questions are does the original owner have to sign it, can I get a close relative of the owner to sign it, and do I have to sign anything on the form

[Adam Schneider]

@Bruce Gibson . The authorization to release information form should be provided by the seller to the closing attorney / title company doing the closing. The attorney / title company then submits a request for the payoff to the seller's bank. Without the authorization from the seller, the bank will not provide information to anyone. So, the answer is, the borrower (almost always the seller) needs to sign it. You don't sign anything. PRO TIP: I recommend that the borrower send the form directly to the attorney/title company. The reason is that the borrower needs to provide his/her SS #, and I'd prefer not to have seen it.