Greetings,

Sargent’s Title Company is pleased to provide outstanding assistance in obtaining Short Sale

Approvals. A Short Sale is when your lender agrees to settle for less than what is owed. This is an

alternative to a foreclosure. In the event that a foreclosure process happens, it is still possible that a

short sale can be agreed upon during the redemption period.

At Sargent’s Title we will assist you in obtaining a short sale approval from the lender. However, we

will need several items and all parties to cooperate to obtain this goal. Attached are the items that will

be required from all parties to make this transaction possible. We will set up an initial appointment

with you and your customer to collect the required documents needed to obtain the short sale

approval. From this point we will contact the lender and negotiate the short sale. If at any point we

need further information we will contact you and your customer.

We would like to thank you for trusting your business to us and look forward to assisting you and your

customer in obtaining a short sale approval. In exchange for this service we do charge a specialist fee

of $750.00 from the transaction proceeds. This fee gets paid out of the transaction proceeds; your

customer will not directly pay for this fee. In the event that lender does not approve the short sale, no

fees will be due.

Sincerely,

Short Sale Specialists of

Sargent’s Title Company, LLC

1st Servicer Name: ____________________________ Loan #_________________

2ND Servicer Name: ____________________________ Loan #_________________

Property Address: _______________________________________________________

Borrower Name: ________________________________________________________

The undersigned borrower hereby authorizes the above shown mortgage servicer to release any and

all information relative to short sale/foreclosure/payoff/lien release to the following:

Lorrie Wilcox, Amber Geyer, Kelly Parks, Charlie Rizk, and/or Nicole Stoner

SARGENT’S TITLE COMPANY, LLC

625 S. Grand Traverse

Flint MI 48502

Phone: (810) 767-2364

Fax: (810) 767-2430

Email: lorrie@sargentstitle.com

AND

Agent’s Name: __________________________________________________________

Firm Name: ____________________________________________________________

Street Address: _________________________________________________________

City/State/Zip: ____________________________________

Phone:__________________ Fax: ___________________

Email: ___________________________________________

This authorization shall remain in effect until ______/______/______.

X____________________________/_____/___________ # # # - # # -___________

Borrower Signature Date Last Four Digits of SS#

_____________________________________________ ____/_____/__________

Printed Name Date of Birth

X____________________________/_____/___________ # # # - # # -___________

Borrower Signature Date Last Four Digits of SS#

_____________________________________________ ____/_____/__________

Printed Name Date of Birth

Property Address: ___________________________________________________

AGENT INFORMATION

Listing Agent Name: _________________________________________________

Brokerage: ____________________ Office Phone:________________________

Agent Phone: __________________ Fax:________________________________

Agent Email: ________________________________________________________

SELLER INFORMATION

Seller Name(s): ______________________________________________________

Address (if different from property): _____________________________________

Phone: _________________________ Type: ___________________________

Phone: _________________________ Type: ___________________________

Phone: _________________________ Type: ___________________________

Email: __________________________________________________________

Name: ___________________________________________________________

Property Address: ___________________________________________________

What is your willingness level to cooperate with Sargent’s Title and your Realtor?

(circle one) No 1 2 3 4 5 6 7 8 9 10 Yes

Are you Currently Employed? No___ Yes____

Where__________________________________________

When________________ How Long_______________

Have You Filed for Divorce or Separation? No____ Yes_____ When________

Are You Current With Your House Payments? No____ Yes_____

Have You Received Any Letters From Your Lender? No___ Yes_____ When________

Do You Intend To Remain On The Premises? No ____ Yes _____

Have You Filed For Bankruptcy or Plan To? No ____ Yes _____

If so we need Attorney’s Contact Information:

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

This agreement is being made on this _____ day of ________________, _______ by and between

__________________________ (Seller) and Sargent’s Title Company (Specialist).

Specialist has extensive expertise in the area of short sales negotiation. Seller wishes to employ the

expertise of the Specialist with respect to property located at:

________________________________________ (Property Address)

In Exchange for said services, upon successful sale of subject property, Seller agrees to condition the

closing upon a specialist fee of $750.00 from transaction proceeds. This fee gets paid out of

transaction proceeds and is not due directly from seller. In the event that this short sale is not

approved, no fees will be due from seller.

I understand that there are no guarantees whatsoever that an agreement will be reached with my

bank or that my home will be sold. I agree to hold specialist harmless from any and all activities that

are performed. I understand that my lender may issue a 1099 and/or a deficiency judgment may be

obtained. I understand that the specialist is not an attorney or CPA and their services are not a

substitute for legal or tax advice. I have had the opportunity to consult with legal and tax professional

prior to signing this agreement.

Agreed to on this date____/_____/____ by the undersigned:

_________________________________ ____________________________

Seller Specialist:

Sargent’s Title Company

_________________________________

Date

_________________________________ ____________________________

Seller Date

Items for Agent to Complete on a Short Sale Transaction:

• Order Pre-Title with Sargent’s Title Company

• Guide Seller to order Short Sale Packet from Lender

• Assist Seller with Writing Hardship Letter/Financial Statements

• Assist Seller with Obtaining Lender Information

• Set up Initial Appointment to gather information:

o All Documentation Required in Short Sale Packet

o Contact Information

o Seller Information Form

o Specialist Agreement

• Provide Listing Agreement

• Provide MLS Listing Sheet

• Provide Purchase Agreement, when obtained, along with Buyer Pre-Approval Letter or Proof

of Funds

Above Information will vary according to the lender. We will let you know if further documentation is

needed. All information can be submitted via email (preferably) or by fax, or in person. To keep the

flow of information consistent, please email all communications directly to lorrie@sargentstitle.com or

fax to: (810) 767-2430

Items for Seller to Complete on a Short Sale Transaction:

• Complete and Sign Sargent’s Short Sale Package (including Third Party Authorization)

• Contact their lender and notify them of their intent for a short sale and obtain a Short Sale

Package, if they issue one

• Complete, sign and date a Hardship Letter

• Complete, sign and date a Financial Statement

• Submit to Specialist all information as defined on “Required Seller Document Page”-either

through your Realtor or by fax, email or in person

Documents for Seller to Provide on a Short Sale Transaction:

• Hardship Letter (signed and dated)

• Financial Statement (signed and dated and to include monthly income, less monthly

expenses)

• Pay Stubs- Last 60 Days. If Self Employed, Profit and Loss Statements for last 2 quarters

• Bank Statements-Last 60 Days (Checking, Savings, etc.)

• Tax Returns- Last 2 years for all homeowners

• Most recent Mortgage Statements for All Mortgages and Additional Liens