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**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. We are a homeowner advocacy group with more than a decade of helping homeowners and professionals with mortgage assistance negotiations. The information found on this page is for educational and convenience purposes only. The information found on this page should be considered as opinion and not fact based on our experience with lenders over 10+ years. Consult your mortgage servicer directly or a professional before using any of the information found on this site. If you are seeking an intermediary to assist you in getting help with your mortgage you may contact us at 888-934-3444 or via email at [email protected] for further review for a no fee, no obligation, consultation. If required you may be referred to a local professional or legal counsel for additional assistance with your mortgage. Please read through our Disclaimer page for additional details. We do not represent in any way any financial institution named on this page. If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

360 Mortgage Bank Short Sale Application, Forms And Packages

Short Sale Package PDF

Take the first step to getting started on your short sale. Download Forms Here.

Next Steps

Find out what’s next. Make sure you cross every ‘T’ and dot every ‘I’.  No Mistakes!

Other Mortgage Programs

It may not be too late to try other options. We can review what’s out there.

Get 360 Mortgage Forms

Take the first step to getting started on your short sale. Download Forms Here.

Next Steps

Find out what’s next. Make sure you cross every ‘T’ and dot every ‘I’.  No Mistakes!

Other Mortgage Programs

It may not be too late to try other options. We can review what’s out there.

Are You Still Dealing With 360 Mortgage By Yourself?!

Click To Be Connected To A Pro Near You.

?Are You Still Dealing With 360 Mortgage By Yourself?!?

Click To Be Connected To A Pro Near You.
360 Mortgage RMA Short Sale Package Forms

Limited Time Offer Coupon!

FREE  Custom 360 Mortgage Strategy Session With A 360 Mortgage Experienced Team Member.
360 Mortgage RMA Short Sale Package Forms

Limited Time Offer Coupon!

FREE  Custom 360 Mortgage Strategy Session With A 360 Mortgage Experienced Team Member.

Step 1: 360 Mortgage Short Sale Experts

Find out why no one knows more than we do.

Finding The Right Short Sale Agent

Finding The Right Agent

As much as a short sale is common occuring process still there are a very few professional who specialize in dealing with a short sale. This is the reason that it is very important to find the right professional. If you don’t know where to turn to we’ve got access to a set of elite professionals nationwide. Click here to request a call from a short sale pro or call 888-934-3444. 

Get The Short Sale Listing On The Market

Get The Property Listed!

The other thing that you will need to do is get your property listed as the first steps to get the short sale process ongoing. It will not be allowed to you to just bring up an offer. You may be asked for documents such as the MLS Listing and MLS History as a proof that the short sale has been properly listed. Until this process has completed successfully you cannot move forward with the process and the Listing Agreement will be amongst the first of the documents required to get your short sale going.

Pro Tip: Many lenders will require you to list for a minimum of 5 days and a weekend before accepting an offer.
NOTE: 360 Mortgage may sometimes prequalify you for the short sale for som cases. They may even tell you to what to list the home as in some cases. Know that all of this is misleading because when you get an offer they will still need to do a full and standard short sale review.

Step 2: The Short Sale Offer

Making an offer on a 360 Mortgage Short Sale is more than just a number!

Real Estate Short Sale Definition

What is a short sale?

A sale for which the offered amount is not enough to pay off all the debt against the property will be called a short sale. It is impossible for 360 Mortgage to review your application without an offer. The other thing they will want to see is that after all the closing costs have been deducted then what is the remaining net that you are making them. This includes past due taxes, non-recurring closing costs, attorney fees, settlement fees, title fees, and anything else that may apply.

Best Short Sale Buyer

Find The Right Buyer For Your Short Sale

Strong Short Sale Buyers

Patience is key for a potential buyer as the buyer should be ready to wait. A patient buyer is always better then an all cash buyer and even the buyer who is offering more. Your broker needs to interview the potential buyers to make sure they are a good fit. Not just the buyer is important but the broker representing the buyer is important.

Previously Approved Short Sales

Previously Approved 360 Mortgage Short Sale

Some bokers have been seen advertising that their short sale was previously approved by 360 Mortgage to make it look like that the short sale process with 360 Mortgage will be quicker. This is misleading. Even if they had previously approved the short sale and all the terms were met they will still need to make a full review.

Pro Tip: Lenders can only review one offer at a time. The process can be hard and have a lot of hoops to jump through. Make sure you choose the one most likely to close. The highest offer is not always the best offer.

Step 3: Submit 360 Mortgage Short Sale Package

Thoroughly review your documents. The wrong information can hurt you!

360 Mortgage Short Sale Submittal

Submitting Your Short Sale Package to 360 Mortgage To Get The Process Going.

What is in the 360 Mortgage Short Sale Package?

Usually, all the lenders which also includes 360 Mortgage have same document requirements. The following is the list of documents which are required: a listing agreement, a purchase agreement, proof of the buyer’s ability to perform such as proof of funds or a prequalification letter from the buyer’s lender. That’s only the beginning. As a short sale seller they require you provide your financial information such as a monthly budget, your tax returns for the last two years along with a 4506t to show the returns were actually filed, pay stubs or proof of income like a profit and loss, bank statements, reason for requiring to do a short sale, and a hardship letter.

Pro Tip: In most cases working with a skilled team such as ours should be able to pick out the items that will most likely be asked of by your lender. If your lender has to request items it’s likely they passed over your short sale when it could have been reviewed.

Step 4: 360 Mortgage Short Sale Broker's Price Opinion (BPO) or Appraisal

360 Mortgage Short Sale Value

Getting The Right Value Goes A Long Way.

There is only one way by which a lender like 360 Mortgage can know whether you are eligible for a short sale or not is by completing a value. The value is done by a broker in majority of the cases. The broker compares similar properties that are currently listed in the area but more importantly the properties that were sold in the last 3 to 6 months. They consider the homes perceived condition, the size of the living space, the size of the lot, how many stories it has and whether or not it has a pool. They will also consider market conditions and how fast homes are selling in the area. There are many factors they take into consideration.

360 Mortgage Short Sale Appraisal

Short Sale Appraisal Values

The investor which 360 Mortgage is representing will need to complete a valuation of the property as he is already facing a loss. If an investor wants a deeper review they will get an appraisal which is done by an appraiser. Appraisers have specific licenses that are for valuing properties. Some investors such as Fannie Mae (FNMA) complete two appraisals. The type of value completed varies from lender to lender and investor to investor.

360 Mortgage Value Disputes and Variances

Filing Value Disputes and Variances

What will happen if the value returns too high? This is more common than you think and happens with experts and rookies alike. As much as your try to meet with the BPO Agent or the Appraiser and provide them information that they may use in their report often they are not from the area and compare properties that don’t have anything in common with the subject property.

Pro Tip: Short Sale Variance is an opportunity to apply for a short sale servicer such as 360 Mortgage to vary from their typical practices. Often values are good from the day they are completed for 90 days; Sometimes longer.

Step 5: Finalize Short Sale Terms

How Long Does A 360 Mortgage Short Sale Take

360 Mortgage’s Short Sale Time Line Coming To An End.

This is the time when the management or underwriting will decide after they have received the value and the complete package that whether you are eligible to their criteria to present your case to the investor. There is an auditing process usually before the submission to management and if approved there is often another auditing process the occurs before an approval letter is issued.

360 Mortgage Short Sale Counters

360 Mortgage Counters Short Sale

Unfortunately this can also be the time when 360 Mortgage may counter your short sale offer or may even decline it. A special set of skills that can be only obtained by experience is required to fight with these situations. Anyone can get the easy ones done but it’s the difficult transactions that seperates that experts from the wannabees.

Step 6: Closing A Short Sale

Short Sale Escrow

Short Sale Escrow.

Closing of a short sale transaction is much similar to the typical escrow transaction. You will be allowed to go forward with the typical escrow process once all the debt holders have approved the terms. By now a title search should have been complete to ensure all parties with interest in the property have been addressed.

Short Sale Extensions

360 Mortgage Issues Short Sale Extension

What if the approval letter expires and we have not been able to complete the short sale process? We get this question all the time and honestly, there is not a simple answer to this. It depends on delinquency of the mortgage, whether the value they have expired, and many other details. Consult one of our professionals if you need more time to see what we are able to get approved with PNC’s Management. Results may vary greatly but the best part of our services is we only get paid if the transaction successfully closes (we are gernerally paid from the real estate comissions awarded to the agents involved and paid out of 360 mortgage’s net).

Pro Tip: Week one. Strike that. Within a few days of having all the approvals in line you should be able to tell whether or not this buyer is going to really perform. The right professionals apply pressure to all the parties involved to ensure the transaction gets done!

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How Does ACG Get Paid?

Absolute Consultant Group (ACG) is a company specialized in working with the local broker to get your property sold in time. We get our payment directly from 360 Mortgage from the escrow closing account. We do not get any payment if the transaction does not closes. We generally get our payment from the amount that is paid to the brokers involved in the deal. This service generally costs the seller nothing out of pocket. Call for details 888-934-3444.

Understanding The 360 Mortgage Short Sale Status

If you have got the package and seen it already then you would know that it is a fairly lengthy document. 360 Mortgage has not done anything yet so that this process becomes easy for the consumers but don’t worry ACG is here to offer you to  assist with your application for the short sale process to get mortgage assistance from your servicer. Assistance For 360 Mortgage In America We (Absolute Consultant Group) can become your only point of contact you would need for all the 360 Mortgage related challenges. Absolute Consultant Group (ACG) will be the only stop you will have to make when you will work with and we will work from start to finish to complete your short sale.

Call Us 888-934-3444 Today.

360 Short Sale Package Breakdown

To Answer what is 360 Mortgage Package? The foremost thing that 360 Mortgage will require from you is to submit a package called 360 Mortgage Request for Mortgage Assistance. While applying care should be taken to always use the most updated paperwork; It is always beeter to check with a professional first. The paperwork we last found was put up on the Absolute Consultant Group(ACG) Website. ACG helps homeowners with their 360 Mortgage Short Sale and 360 Mortgage Loan Modification process. There are 10 Sections to the standard 360 Mortgage Request for Mortgage Assistance (RMA) and totaling about 10 pages.

Need Assistance With A 360 Morgage?

Need Assistance With A 360 Morgage?

Short Sale RMA Package PDF Breakdown:

Hardship Affidavit Application Check List

  1. Borrower Information This first section covers the basic information of the 360 Mortgage borrower’s applying for mortgage assistance. You need the information for all the borrowers that appear on the mortgage on this page in order to complete the application. It covers whether you want to keep the property or sell it. Furthermore, they establish if this is your primary residence, second home or an investment property. Each type of property may carry it’s own type of options for assistance. The clarify the number of residents in the property and the residency type amongst other things.
  2. Assets This Section requires you to input all of your currently owned assets including vehicles, Other properties etc.
  3. Liabilities This section requires you to put all you liabilities including mortgage payments, auto loan, credit cards, student loans etc.
  4. Dependants In this section you will have to put the details of the people who are dependant on you.
  5. Monthly Household Income You will have to put the complete income details of your household in this section.
  6. Monthly Household Expenses This section requires complete details of the household expenses.
  7. Required Documentation This section shows the checklist of required documents that have to be attached.
  8. Explanation of Hardship This section will require you to write a complete letter explaining your hardship and why you cannot pay your mortgage
  9. Hardship Affidavit This section will require you to mark you hardship reason and type of situation etc.
  10. 4506T – The final document required prior to the fax cover letter provided is the 4506-t which is used in order to verify the tax returns that you provided.  Make sure to follow the directions throughly.

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Disclaimer: Using The Wrong Form May Lead To A Denial

We provide mortgage servicers mortgage assistance package, forms, and applications to for educational purposes only. This is a sample document used to obtain mortgage assistance relief workout programs with your mortgage servicer. Prior to completing the form contact your (your client's) Mortgage's servicing department OR one of our professionals at 888-934-3444 to make sure they are sending the right loan modification or short sale package. Your home loan servicer, whether dealing with a Home Loan Modification or Short Sale (mortgage settlement, short pay off or discounted payoff) RMA Package offered on this website may not be the correct package depending on your investor. By downloading this RMA (Request for Mortgage Assistance) from our website does not guarantee loan modification assistance or any other mortgage relief programs to try to avoid foreclosure through mortgage servicer, its agents, employees, affiliates or subsidiaries. Prior to the use of any documents you should consult an attorney.

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