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 If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

PennyMac Mortgage 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 PennyMac 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 PennyMac Mortgage By Yourself?!

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

Click To Be Connected To A Pro Near You.

Ocwen RMA Loan Modification Package Forms

Limited Time Offer Coupon!

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

Ocwen RMA Loan Modification Package Forms

Limited Time Offer Coupon!

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

Step 1: PennyMac Mortgage Short Sale Experts

Find out why no one knows more than we do.

Finding The Right Short Sale Agent

Finding The Right Agent

It is very important that you select the right person for your short sale process  because although the short sale is a common process but still there are a very few professionals in the market that can properly deal with the situation. if you have not been able to figure out where to turn to we have got a team of 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!

Getting your property listed is another important step to do so that your property gets a fair review. Lender will not allow you to just take an offer to them. 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.

You can not proceed to next step until you have completed this step properly 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: PennyMac Mortgage may sometimes prequalify you for the short sale for some 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 PennyMac Mortgage Short Sale is more than just a number!

Real Estate Short Sale Definition

What is a short sale?

In real estate when the offered amount for a property is not enough to pay off all the debts taken against the property then such a sale is called as a short sale. For any lender it is not possible to review your application untill you have an offer for the property. The lender will take an interest in what is the net amount that you will make them in the end once all the closing costs have been deducted from it. 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

The most important quality of potential buyer is patience. A potential buyer willing to wait is better when compared to an all cash buyer or even the buyer whose offer is more than others. Your broker is required to interview the potential buyers to make sure they are a good fit. Broker representing the buyer is as important as the buyer

Previously Approved Short Sales

Previously Approved Bay view Short Sale

It has been often been seen advertised by agents that their previous short sale with PennyMac Mortgage was approved successfully but this is to mislead. Even if previously all the terms were met and approved still they will need to make a full review.

Pro Tip: One offer can be reviewed at a time by lenders. The process can be hard and require a forth effort to make through. Make sure you choose the one most likely to close. Highest offer doesnot always come with the best value.

Step 3: Submit PennyMac Mortgage Short Sale Package

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

PennyMac Mortgage Short Sale Submittal

Submiting Your Short Sale Package to PennyMac Mortgage To Get The Process Going.

What is in the PennyMac Mortgage Short Sale Package?

All the lenders usually require sam documents. Following is a list of documents usually demanded by the lenders: 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 also require you to 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: 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: PennyMac Mortgage Short Sale Broker's Price Opinion (BPO) or Appraisal


PennyMac Mortgage Short Sale Value

Getting The Right Value Goes A Long Way.

To figure out whether the person is eligible for the short sale or not the lender will complete a valuation, Valuation is usually completed by a broker by comparing the properties similar to the property in question which are either currently listed or have been sold within 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.

Market conditions and how fast homes are selling in the area will also be considered. There are many factors they take into consideration.

PennyMac Mortgage Short Sale Appraisal

Short Sale Appraisal Values

It is important for the investor for which PennyMac Mortgage is working to complete a valuation as they are already facing a loss. Sometimes it is important for the investor to get a deeper view for this they will get an appraisal. Appraisers have specific licenses that are to determine the fair market value of 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.

PennyMac Mortgage Value Disputes and Variances

Filing Value Disputes and Variances

It is a common occurance that sometimes a value returns too high and it can happen to both rookies and experts. Sometimes it just so happens that the agent makes a mistake and compares properties that have nothing in common because he/she is not from the area. So, all of your hard work and meeting with the broker or appraiser does not matter in the end.

Pro Tip: Short Sale Variance is an opportunity to apply for a short sale servicer such as PennyMac 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 PennyMac Mortgage Short Sale Take

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

At this time the undersigned will have to decide whether you qualify and to send your file to the investor or not. Usually there is an auditing process before submission to the management and if approved there is often another auditing process that occurs before an approval letter is issued.

PennyMac Mortgage Short Sale Counters

PennyMac Mortgage Counters Short Sale

A counter or rejection may be issued at your short sale application at that time. Special skills are needed to compete with either of these situations acquired only by experience . 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.

If you ever came across a  typical escrow a short sale escrow will look very much similar. The typical escrow process will start after all the debt holders have given their approval. Title search must have been issued by now to ensure that all the interest holders in the property have been properly addressed.

Short Sale Extensions

PennyMac Mortgage Issues Short Sale Extension

What If you have not been able to complete the short sale process and the approval letter expires? We get this question all the time and to be honest, there is not a simple answer to this. It depends on the lateness of the mortgage, whether the value they have expired and many other details. If you need more time to see what we are able to get approved with PennyMac Management consult one of our professionals. Results may vary greatly but the best part of our services is we only get paid if the transaction successfully closes (we are generally paid from the real estate commission awarded to the agents involved and paid out of PennyMac‘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?

If you need to sell your property on time then Absolute Consultant Group (ACG) is here to help you in doing this by working with the local broker. We get the compensation for our services directly from PennyMac Mortgage. We do not get compensated for anything if the transaction fails to close in the end . The agents involved in the deal are awarded an amount for their services and usually we also get our payment from the same account. This service generally costs the seller nothing out of pocket. Call for details 888-934-3444.

Understanding The PennyMac Mortgage Short Sale Status

The package for PennyMac Mortgage is a pretty lengthy and difficult document. PennyMac Mortgage has not done anything in order to make the process for its consumers any simpler but you don’t have to worry because ACG is here to help you with the application for the short sale process to get mortgage assistance from your servicer.

Assistance For PennyMac Mortgage

ACG can provide you help in every challenge regarding PennyMac Mortgage. You will find that ACG will help you regarding the mortgage relief services and we will be the only point you will have to contact. We can help you to complete your short sale with them.

Call Us 888-934-3444 Today.

PennyMac Mortgage Short Sale Package Breakdown

To Answer what is PennyMac Mortgage Package?
If you apply for mortgage assistance with PennyMac Mortgage then the first thing required from you will be a package called PennyMac Mortgage Request for Mortgage Assistance (RMA). You must make sure that the package you are submitting is the latest one; it will be husely benefitting if you consult with a professional first. The paperwork we last found was put up on the Absolute Consultant Group(ACG) Website. ACG helps homeowners with their PennyMac Mortgage Short Sale and PennyMac Mortgage Loan Modification process.

There are 8 Sections to the standard PennyMac Mortgage Request for Mortgage Assistance (RMA).

Need Assistance With A PennyMac Mortgage?


Need Assistance With A PennyMac Mortgage?


Short Sale RMA Package PDF Breakdown:

Hardship Affidavit Application Check List

  1. Borrower Information In this section you will be required to require t0 fill out all the personal details of the borrower and co-borrower. This section will also ask whether your property is listed for sale etc.
  2.  Hardship Affidavit You have to explain the hardships faced by you in this section
  3. Principal Residence Information You will put all to answer few questions about mortgage assistance,homeowner association etc.
  4. Income and Expenses
    You will put all the details about the total income of the borrower /co-borrower and details of the monthly expenses.
  5. Other Properties Owned This section contains will require you to answer questions about other properties, address and insurance paid etc.
  6. Other Property for which assistance is requested Only complete this section if you are requesting mortgage assistance on a property that is not your principal residence.
  7. Rental Property Certification This section requires your signature authorizing that everything you have stated is true etc.
  8. Dodd-Frank Certification  In this section you will have to certify to a certain things like you have not committed any felonies like theft money laundering, tax evasions etc

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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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