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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 If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Ocwen 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 Ocwen Froms

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 Ocwen By Yourself?!

Click To Be Connected To A Pro Near You.

?Are You Still Dealing With Ocwen By Yourself?!?

Click To Be Connected To A Pro Near You.
Ocwen Loan Servicing RMA Short Sale Package Forms

Limited Time Offer Coupon!

FREE  Custom Ocwen Strategy Session With An Ocwen Experienced Team Member.
Ocwen Loan Servicing RMA Short Sale Package Forms

Limited Time Offer Coupon!

FREE  Custom Ocwen Strategy Session With An Ocwen Experienced Team Member.

Step 1: Ocwen Short Sale Experts

Find out why no one knows more than we do.

Finding The Right Short Sale Agent

Finding The Right Agent

Short Sales are complicated and as much as they are common place there are few professionals that really specialize in the practice. That is why finding the right expert to work with is crucial; There should be few if any surprises. 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!

Part of the first steps in doing a short sale is getting the property listed. The lender will expect that you work with an agent so that it gets a fair review. They will not allow you to just bring an offer. The may ask for documents such as the MLS Listing and MLS History to show proof that the short sale has been properly marketed.

Nothing can move forward until this step has been completed 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: There are situations where Ocwen may prequalify you to do a short sale. In some cases, they may even go as far as telling you what to list the home as. 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 an Ocwen Short Sale is more than just a number!

Real Estate Short Sale Definition

What is a short sale?

A sale is only a short sale if the offer isn’t enough to pay off all the liens against the property. Ocwen cannot review your home for a short sale without an offer. Furthermore, they need to see what the Net of the offer is that you’re making them after all the short sale closing costs have been deducted. 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

Buyers for a short sale need to be prepared to wait; Patience is key. A patient buyer is more important than an all cash buyer or even a buyer that is offering more than everyone else. 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 Ocwen Short Sale

Brokers will often advertise that their short sale was previously approved to make it seem like the short sale process with Ocwen will be fast. Even if Ocwen previously approved the short sale and all the same terms were met the short sale will take in most cases 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 Ocwen Short Sale Package

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

Ocwen Short Sale Submittal

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

What is in the Ocwen Short Sale Package?

All lenders, including Ocwen, generally require the same documents. They require 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: Ocwen Short Sale Broker's Price Opinion (BPO) or Appraisal


Ocwen Short Sale Value

Getting The Right Value Goes A Long Way.

The only way a short sale lender like Ocwen Loan Servicing LLC knows if your offer to them is acceptable is by completing a value. The value in most cases is completed by a real estate agent who reviews the comparables in the area. They review the properties that are currently listed but more importantly they review the properties that are sold generally within 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.

Ocwen Short Sale Appraisal

Short Sale Appraisal Values

The mortgage investor that Ocwen is representing is already taking a loss so in most cases they will hire a local agent or broker to do a value referred to as a BPO or Broker’s Price Opinion. In certain cases, though the investor requires a deeper review to be completed 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.

Ocwen Value Disputes and Variances

Filing Value Disputes and Variances

What happens when a value returns too high? This happens all too often to rookies and experts alike. As much as you 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 Ocwen 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 An Ocwen Short Sale Take

Ocwen’s Short Sale Time Line Coming To An End.

Once the value has returned and they have a complete package this is where Ocwen’s short sale negotiator or underwriter will make a decision if you meet the minimum criteria to be submitted to management or the investor for approval. Usually, there is an auditing process before the submission to management and if approved there is often another auditing process the occurs before an approval letter is issued.

Ocwen Short Sale Counters

Ocwen Counters Short Sale

This is also the time when Ocwen may issue a counter or a decline to your short sale offer. Combatting either one of these takes a special set of skills that can only be gained through experience. Anyone can get the easy ones done but it’s the difficult transactions that separate that experts from the wannabees.

Step 6: Closing A Short Sale


Short Sale Escrow

Short Sale Escrow.

Closing a short sale is not unlike closing a typical real estate transaction. Once all lien holders have approved the terms of the short sale you can move forward with the typical escrow process. By now a title search should have been completed to ensure all parties with interest in the property have been addressed.

Short Sale Extensions

Ocwen Issues Short Sale Extension

What happens if we aren’t able to close the short sale in time and the approval letter expires? This is a question we get all the time and there isn’t a simple answer. It depends on the 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 Ocwen’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 cannot paid from the real estate commissions awarded to the agents involved and paid out of Ocwen’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) work with you and a local real estate agent to get your property sold. We get paid directly by Ocwen through the escrow at closing. If the transaction doesn’t close we don’t get paid anything. We generally are compensated from the comissions awarded to the real estate brokers involved. This service generally costs the seller nothing out of pocket. Call for details 888-934-3444.

Understanding The Ocwen Short Sale Status

As you may already be aware from the Ocwen Short Sale Package it is a lengthy document. Ocwen Loan Servicing LLC hasn’t simplified the process to make it easy but that’s why ACG is here to offer you to  assist with your application for the short sale process to get mortgage assistance from your servicer. Ocwen Corporation, opperating out of Palm Beach Florida. outsources a very large part of the process and often that leaves you talking to someone overseas.

Assistance For Ocwen In America

Based here in the United States ACG becomes your single point of contact for all of your Ocwen challenges. You will no longer have to deal Ocwen’s loan servicing department in India. With us you get someone here in the states to work with you and your Ocwen Mortgage on your Home. When you work with Absolute Consultant Group for all your Mortgage Assistance needs we become your one stop shop for completing your Ocwen short sale process from start to finish.

Call Us 888-934-3444 Today.

Ocwen Short Sale Package Breakdown

What is the Ocwen Short Sale Package?
Ocwen Mortgage requires an Ocwen Short Sale Package known as the Ocwen Request for Mortgage Assistance (Ocwen RMA). It’s important to always use the most up to date paperwork when applying; Always check with a professional. The paperwork we last found was put up on the Absolute Consultant Group(ACG) Website. ACG helps homeowners with their Ocwen Mortgage short sale process.

There are 19 Sections to the standard Ocwen short sale Package and totaling about 20 pages.

Need Assistance With An Ocwen Morgage?


Need Assistance With An Ocwen Morgage?


Short Sale RMA Package PDF Breakdown:

Hardship Affidavit Application Check List

  1. Section 1  RMA- Statement Of Intent
  2. Section 2 Request for Mortgage Assistance- Borrower Information Form
  3. Section 3 Ocwen Package – Property Information Form
    1. Section 3A Short sale Package – If you do not occupy the property information.
  4. Section 4 Mortgage Package  – Ocwen Occupancy and Rental Information Form
  5. Section 5 Ocwen Short sale – Other Properties Owned
  6. Section 6 Ocwen Application – Household Assets and Expenses Form
  7.  Section 7 Short sale Application – Ocwen Monthly Income form
  8.  Section 8 Ocwen Mortgage Form – Income Documentation Required
  9. Section 9 RMA Ocwen com – Self Employment Borrower Profit and Loss Form
  10. Section 10 Mortgage Assistance – IRS Form – 4506t-EZ
  11. Section 11 Ocwen Loan Servicing, LLC – Hardship Statement Affidavit
  12. Section 12 Short sale – Non-Borrower Consent Form
  13. Section 13 Mortgage Assistance – Consent For Release of Information Form
    1. Ocwen Third-Party Authorization Form
  14. Section 14 Loan Servicing – Borrower Acknowledgement And Agreement
  15.  Section 15 MHA – Making Homes Affordable – Homeowner’s Hotline
  16. Section 16 Department of the Treasury – Beware of Foreclosure Rescue Scams. Help is Free
  17. Section 17 Ocwen Short sale – Frequently Asked Questions FAQ
  18. Section 18 Ocwen Mortgage Assistance – Information about deed-in-lieu of foreclosure.
  19. Section 19 Ocwen Foreclosure Alternatives – Information About Ocwen Short Sales

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