M&T Bank

Skip Navigation LinksM&T Bank  Short Sale Home Assistance dept

seller must call 800-724-1633 for financial interview for House hold income and expenses 

Fax third party authorization first to 716-848-3748

Location: 8180 GREENSBORO DRIVE STE 500 MCLEAN , VA 22102 .
Members: 79
Latest Activity: Mar 23

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Discussion Forum

Principal Balance Reduction

Started by Paula Bachman Mar 23. 0 Replies

Has anyone been successful in getting a principal balance reduction with M&T Bank? Continue

Comment Wall


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Comment by johnna lodge on March 10, 2017 at 11:21am

Anyone have a 3rd party authorization they could provide? thank you.

Comment by Neil L. on July 28, 2015 at 9:58am

For anyone who is just looking into this lender, I just had them go from faxing a package to ordering the appraisal, to telling me they would issue an approval in 3 weeks.  It's been another 11 days since they said the approval letter was coming so that's been annoying, but this has to be the fastest approval I've ever had with a 1st mortgage. Don't be afraid :) I will be looking for more M&T short sales in the future

Comment by Neil L. on July 28, 2015 at 9:17am

Rebecca, that helps to know that's possibly going to be on the approval.  And Chad, that helps knowing it might NOT be on there too! I sure wish they would issue it :) it's been over 11 days since they last responded to an email we sent, and we've sent many, and I can't figure out how to escalate this...

Comment by Neil L. on July 27, 2015 at 8:59am

Does anyone have an M&T Escalation name/email/Phone number? All we can get is the negotiator's email address but she won't respond for a week now... 

Comment by Rebecca Reeves on July 23, 2015 at 12:20pm

Don't know if this helps, but it is the only deed reference in the approval letter we received on the $66,000 FHA M&T short sale of a condo in Baltimore County, MD.

5. The deed conveying the property to the purchaser must be amended in compliance with applicable state law, to include the following provision:

Version 11/2014

Grantee herein is prohibited from conveying captioned property for any sales for a period of thirty (30) days from the date of this deed. After this thirty (30) day period, Grantee is further prohibited from conveying the property for a sales price greater than $82,500.00 until ninety (90) days from the date of this deed. These restrictions shall run with the land are not personal to the Grantee.

Comment by Chad Gelsinger on July 23, 2015 at 10:41am

Neil, FHA does not require any deed restrictions at settlement. We have not had any M&T FHA files include a deed restriction. Chad. 

Comment by Neil L. on July 23, 2015 at 10:03am

Does anyone have an FHA M&T short sale approval letter they can share with me? I need to know what deed restrictions will be...

Comment by Neil L. on May 28, 2015 at 10:06am

Items needed for M&T short sale:

A proprietary M&T Short Sale Package can be found here: (if link doesn't work it's on this page)

The following documents are required for the short sale:

  1. Authorization (Generic is OK)
  2. HUD1
  3. Contract
  4. 3 months bank statements
  5. 30 days Paystubs or if self employed, 3 month profit/loss
  6. Hardship Letter
  7. 4506t
  8. Listing agreement
  9. M&T Financial information form (MUST BE THEIR FORM)
  10. 2nd lien form (MUST BE THEIRS)

NOTE: Tax returns are NOT required. the 4506t is sufficient

If the loan is owned by FannieMae or FreddieMac, the Uniform Borrowers Assistance Form is required as well.

Comment by Neil L. on May 28, 2015 at 9:59am

I called M&T, here is some update information for the summary above:

Authorizations Only Fax Number: 866-409-4642 (48 hrs)

Short Sale Package Fax Number: 855-678-0866 (72 hrs to receive and review)

Calling 800-724-1633 for financial interview is NOT required to do a short sale, it does prescreen them and tell them if they should apply or not based on criteria, but if you know they will qualify already, they don't need to call.  Also, the online form is the same as calling in.  Online Financial Review:

Lastly, negotiators are assigned to specific files and will correspond via email.  No equator or online tracking system.

Comment by Brett Goldsmith on May 28, 2015 at 9:35am

I've got a couple of short sales with them right now. I typically just email them over our company's package as they accept generic packages. See thread and someone attached a package that may suffice.

[email protected]



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