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PHH Corp. 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 PHH Corp. 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 PHH Corp. By Yourself?!

Click To Be Connected To A Pro Near You.

?Are You Still Dealing With PHH Corp. By Yourself?!?

Click To Be Connected To A Pro Near You.
PHH Corporation RMA Short Sale Package Forms

Limited Time Offer Coupon!

FREE  Custom PHH Corp. Strategy Session With A PHH Corp. Experienced Team Member.
PHH Corporation RMA Short Sale Package Forms

Limited Time Offer Coupon!

FREE  Custom PHH Corp. Strategy Session With A PHH Corp. Experienced Team Member.

Step 1: PHH Corp. Short Sale Experts

Find out why no one knows more than we do.

Finding The Right Short Sale Agent

Finding The Right Agent

One thing that is most important is that you find the right person who knows how to deal with the short sale process properly because although the short sale process is very common but a very professionals in the market know properly how to deal with it. 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!

To keep the process going on smoothly you will need to get your property listed by working with a broker so that the property gets a fair review. It will not be allowed to you to just bring up an offer. MLS Listing and MLS History will the first of the documents that you will have to submit to prove that the property was properly listed. Untill 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: PHH Corp. 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 PHH Corp. Short Sale is more than just a number!

Real Estate Short Sale Definition

What is a short sale?

If the debt amount against a property is more than. It is not possible for any lender to review the application without an offer. From the offer amount lender will see that what is the estimate amount that you will make them in the end after all the 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

A potential short sale buyer must have patience. A patient buyer will prove much better in the long run when compared to an all cash buyer and even the buyer whose offer is 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 PHH Corp. Short Sale

Some of the brokers say to mislead the customers that their short sale was previously approved by PHH Corp to make it seem like the process will be quicker. 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 PHH. Corp Short Sale Package

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

PHH Corp. Short Sale Submittal

Submiting Your Short Sale Package to PHH Corp To Get The Process Going.

What is in the PHH Corp. Bank Short Sale Package?

Mostly the documents required are same for every lender. 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: PHH Corp. Short Sale Broker's Price Opinion (BPO) or Appraisal


PHH Corp. Short Sale Value

Getting The Right Value Goes A Long Way.

There is a need for lender to know whether you qualify for the short sale or not and that need can be fulfilled by completing a Broker’s Price Opinion (BPO). In most of the cases an agent completes a valuation. The agent will have to compare the properties which have similar feature as to the property in question and are either currently listed for sale or have been sold within past 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.

PHH Corp. Short Sale Appraisal

Short Sale Appraisal Values

PHH Corp. is a mortgage lender and they are usually representing an investor who is facing a loss so they will want to complete a valuation. The investor will want to get an appraisal in case they want a deeper review. 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.

PHH Corp. Bank Value Disputes and Variances

Filing Value Disputes and Variances

Sometimes it just so happens that a value of a valuation returns too high no matter how hard you try and meet with the broker regularly to share data but sometimes the agent is not from the area and compares properties that have nothing in common and this can happen to both rookies and amateurs.

Pro Tip: Short Sale Variance is an opportunity to apply for a short sale servicer such as PHH Corp. 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 PHH Corp. Short Sale Take

PHH Corp’s Short Sale Time Line Coming To An End.

At this time the undersigned will have to make a decision whether to proceed you application further and to present it to the lender or not. 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.

PHH Corp. Short Sale Counters

PHH Corp. Bank Counters Short Sale

This time can also be a time when the undersigned or lender desides to make a counter to your application or either reject it completely. To counter with either of these situations one needs a very special set of skills that can only be achieved from 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.

A short sale escrow is very much similar to the typical escrow. The typical escrow process will start after all the debt holders have given their approval. To insure that all the interest holders in the property have been properly addressed title search mus have been issued by now.

Short Sale Extensions

PHH Corp. 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 PHH Corp’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 generally paid from the real estate commissions awarded to the agents involved and paid out of PHH Corp’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 want to get your property sold on time than Absolute Consultant Group (ACG) is here to help you in getting this done. PHH Corp. pays the company directly from the escrow closing account. We will get nothing if the process stops suddenly and does not complete. ACG gets its income 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 PHH Corp. Short Sale Status

You must have noticed if you have seen the package that it is a fairly long document and not easy to complete. PHH Corp. has not made this process simpler for the consumers yet but don’t worry that is why 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

PHH Corp. Absolute Consultant group can help you in all your PHH Corp. related challenges. If you work with us we will become your one stop shop for all your mortgage relief services and we will work with you to complete your short sale from start to finish.

Call Us 888-934-3444 Today.

PHH Corp. Short Sale Package Breakdown

What is PHH Corp. Short sale package? If you apply for any kind of mortgage assistance with PHH Corp. you will have to submit a package called PHH Corp. request for Mortgage Assistance (RMA) as the first thing. Care should be always taken as to submit paperwork that is the latest one; It is always better 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 PHH Corp. Short Sale.

There are 6 Sections to the standard PHH Corp. Request for Mortgage Assistance (RMA).

Need Assistance With A PHH Corp. Loan?


Need Assistance With A PHH Corp.Loan?


Short Sale RMA Package PDF Breakdown:

Hardship Affidavit Application Check List

  1. Borrower Details This section will require the consumer to 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. Household Assets This section will require that you fill out all the details of all the assets currently owned by the household.
  3. Monthly Household Income. In this section you will be required to put the monthly income details of the whole household. You will be required to put the income of both the borrower and co-borrower.
  4. Monthly Household Expenses In this section you will have to put all the expenses of the household for the entire month.
  5. Hardship Affidavit This section has hardship options from which you will need to tick out the correct ones showing the reasons for your hardships.
  6. Property Lien Affidavit In this section there is a checklist of options for the lien types and you will also need to mark the correct ones and putting the details of lien holders.

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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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