The challenges homeowners face during real estate transactions, particularly when the sale price is less than the mortgage balance, are significant. Fannie Mae, understanding these hurdles, provides resources to real estate professionals to facilitate approvals for such transactions, colloquially known as short sales. The Fannie Mae Authorization Form is central to this process. By completing this form, homeowners authorize real estate professionals to share pertinent details about the mortgage and property with Fannie Mae and other relevant parties. This sharing of information is vital for the potential approval of short sale transactions. The form outlines the homeowner's consent for their data to be disclosed not only to Fannie Mae but also to entities involved in listing the property, those providing services for the transaction, and third-party providers aiding in short sale procedures. Importantly, it paves the way for these parties to communicate with the homeowner about the transaction through various means, including email, telephone, or letter. Despite homeowners completing this authorization, Fannie Mae emphasizes that it cannot guarantee a successful outcome for the short sale.
| Question | Answer |
|---|---|
| Form Name | Fannie Mae Authorization Form |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | fannie mae borrower authorization form, fannie mae borrower certification and authorization form, borrowers authorization fannie mae blank, fannie authorization form |
Borrower Authorization Form
Fannie Mae pays close attention to the challenges homeowners face in their real estate transactions. Fannie Mae has tools and resources available to help real estate professionals get approvals for real estate transactions when the offer amount is less than the unpaid balance on the mortgage. This is also known as a short sale.
To attempt a short sale, real estate professionals will need to provide certain information about you and your mortgage to Fannie Mae and other related third parties, as described below. Fannie Mae cannot guarantee a positive resolution on your short sale transaction.
Please complete the following:
I hereby authorize and instruct _________________________ (hereinafter “Real Estate
Professional”) to obtain any information related to a potential real estate sale transaction on my property.
In addition to my authorization above, I understand and consent to the disclosure of any information related to a potential real estate sale transaction on my property to (a) my Real Estate Professional’s multiple listing service, (b) Fannie Mae, (c) companies that perform services related to my real estate transaction, (d) third party service providers supporting Fannie Mae’s short sale processes and (e) any employees, agents or subcontractors of the entities listed above.
I agree that Fannie Mae, companies that perform services related to my real estate transaction and their respective employees, agents or subcontractors may contact me by e‐mail, telephone or letter to discuss my real estate transaction.
________________________________ |
_____________________ |
Homeowner Name(s) (Print) |
MLS Listing Number |
(Print) |
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_______________________________ |
_____________________ |
Homeowner Signature(s) |
Date |
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