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Letter Requesting Identity of Investor

Posted by Dawn Jones on November 16, 2010 at 6:14am in Short Sale Discussions
Help!  Does anybody have a GOOD letter when requesting the identity of the investor from the lender?  I do not have the 20 days (which is what RESPA says the lender legally has to respond to this request).  My deal will die before that point.  Any ideas?

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  • Jill and Ross Stingley November 18, 2010 at 6:59am
    Dawn and Jeff
    thanks for that information... Is there a specific format that the QWR has to be written? Or will just simple letter for request of investor information adequate enough signed by the seller sufficient enough? I love working with all you talented short sale experts out there.. makes this job less insufferable...LOL
  • Steve Early November 17, 2010 at 2:00pm
    You can also go to www.fanniemae.com/loanlookup to see if it is Fannie or www.freddiemac.com/mymortgage to see if it is owned by Freddie. This will cover about 80% of the loans in existence.

    Caveats: They aren't 100% accurate - your loan could be with them but not show up. (But if it does show up then they are the investor unless they sold it off to someone else fairly recently). You will also need details such as last 4 digits of the seller's SSN, zipcode of the address and other information to use them.

    It isn't a perfect solution, but it is quick and may help.
  • Jeff Payne November 17, 2010 at 5:21am
    You need to have the seller write a QWR, Qualified Written Request, asking for the name of the investor.
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