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 If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Planet Home Lending Short Sale Application, Forms And Packages

Package PDF

Take the first step to getting started on your . 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 Planet Home Lending 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 Planet Home By Yourself?!

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?Are You Still Dealing With Planet Home By Yourself?!?

Click To Be Connected To A Pro Near You.
Planet Home Lending RMA Short Sale Package Forms

Limited Time Offer Coupon!

FREE  Custom Planet Home Lending Strategy Session With A Planet Home Lending Experienced Team Member.
Planet Home Lending RMA Short Sale Package Forms

Limited Time Offer Coupon!

FREE  Custom Planet Home Lending Strategy Session With A Planet Home Lending Experienced Team Member.

Step 1: Planet Home Short Sale Experts

Find out why no one knows more than we do.

Finding The Right Short Sale Agent

Finding The Right Agent

Dealing with a short require some special skills as there are even a few professionals that know how to properly deal with the short sale process. One must take great care while selecting the professionals. The surprises should be kept to a minimum. If you can’t figure out where to turn to, we have got a great team of professionals nationwide to assist you. 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 an important step, so it assured that your property gets a fair review. Youhave to work with local broker. Just bringing an offer to the lender will not be allowed. Documents such as the MLS Listing and MLS History will be demanded as a proof that a property has been properly listed. Until this process has been completed you can not proceed further and the First of the documents that you will need for the process to go forward will be the listing agreement.

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 Planet Home may prequalify you to do a short sale. They may even tell you to how much 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 a Planet Home Short Sale is more than just a number!

Real Estate Short Sale Definition

What is a short sale?

A sale for which the offer is not enough to pay off all the debts which have been taken against the property is called a short sale. Planet Home’s mortgage cannot review your application for the short sale unless you have an offer. The other thing that they will take into consideration is that what is the net amount that you are going to make them once all the closing costs have been deducted from it. non-recurring closing costs, Past due taxes, attorney fees, settlement fees, title fees, and anything else that may apply are all included in it.

Best Short Sale Buyer

Find The Right Buyer For Your Short Sale

Strong Short Sale Buyers

The most important quality that an interested buyer should have is patience. A patient buyer who is ready to wait is much better as compared to an all cash buyer or even the buyer whose offer is more than the others. To make sure the offer is solid the broker will need to interview the candidates. Only the buyer is not importnat but the broker representing is also very important.

Previously Approved Short Sales

Previously Approved Planet Home Short Sale

Some brokers have been seen misleading people by advertising to the consumers that their short sale was previously approved approved. Even if Planet Home approved the short sale a full review will still be required.

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 Planet Home Short Sale Package

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

Planet Home Short Sale Submittal

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

What is in the Planet Home Short Sale Package?

Usually all the lenders require the same kind of documents and Planet Home is also included in those. Following is the list of documents which are usually asked for: 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 it will be a requirement from you to submit 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: Planet Home Short Sale Broker's Price Opinion (BPO) or Appraisal


Planet Home Short Sale Value

Getting The Right Value Goes A Long Way.

Only completing a value can qualify you for the short sale. To complete a value the agent compares similar properties in the are which are either currently listed or have been sold within 3 to 6 months. Many conditions like home’s 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 are considered by the agent.

Market conditions and how fast homes are selling in the area are taken into consideration. There are many factors that are taken into consideration.

Planet Home Short Sale Appraisal

Short Sale Appraisal Values

Planet Home is always representing a lender and he/she is already facing a loss so the lender will want to complete a Broker’s Price Opinion (BPO). In case the lender requires a deeper insight they will obtain an appraisal. Appraisers have specific licenses 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.

Planet Home Value Disputes and Variances

Filing Value Disputes and Variances

Sometimes a value returns too high, then what? This is a common occurance and can happen to both rookies and experts. Sometimes the broker is not from the same neighbourhood as the properties so they make a mistake and compare properties that have nothing in common.

Pro Tip: Short Sale Variance is an opportunity to apply for a short sale servicer such as Planet home 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 Planet Home Short Sale Take

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

This is the time when the fate of your short sale process will be decided by the undersigned and they will decide that whether should your file be presented to the lender management or not. Usually an auditing process occurs before presenting the file to the management and then there is a another before issuing the approval letter.

Planet Home Short Sale Counters

Planet Home Counters Short Sale

It could be a tough time, at that moment Planet Home can reject or make a counter to your application. Special set of skills are required that come only by experience to compete with either of these situations. Easy tasks can be done by anyone but it is the difficult tasks that are hard and separate the experts and rookies.

Step 6: Closing A Short Sale


Short Sale Escrow

Short Sale Escrow.

Closing of short sale process is very similar to the closing of typical escrow processes. You will be allowed to move forward with the typical escrow process once all debt holders have given their approval. A title search should now have been completed to assure that all the parties affiliated with the property have been addressed.

Short Sale Extensions

Planet Home Issues Short Sale Extension

What happens if the approval letter expires and we are not able to complete the short sale process? This is a question we get all the time and there isn’t a simple answer to it. It depends on delinquency of the mortgage, whether the value they had 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 Planet Home’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 comissions awarded to the agents involved and paid out of Planet Home’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 has professionals of local broker to get the property sold. we get our payment from escrow closing account directly from Planet Home. We will not get our income if the transaction does not closes. We get our compensation from the amount that is paid to the brokers involved in the deal. Usually the seller will have to spend nothing for this service. Call for details 888-934-3444.

Understanding The Planet Home Short Sale Status

If you have downloaded the package from our website then you will have noticed Have not made the process simpler for the consumer but that’s why ACG is here to assist you with your application for the short sale process to get mortgage assistance from your servicer.

Assistance For Planet Home’s mortgage In America

Absolute Consultant Group can provide all the assistance you would need for all the Planet Home related challenges. We can become your one stop shop for all the mortgage relief services. We will work with you through the whole short sale process from start to finish.

Call Us 888-934-3444 Today.

Planet Home Short Sale Package Breakdown

If you need to know what is Planet Home short sale package?
The first and foremost thing that Planet Home Mortgage will require from the consumers applying for the short sale is a package called Planet Home Mortgage Request for Mortgage Assistance (RMA). When applying the most important thing is to always submit the latest package; Before submiting 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 Planet Home Short sale and process.

There are 8 Sections to the standard Planet Home Package.

Need Assistance With A Planet Home?


Need Assistance With A Planet Home?


RMA Package PDF Breakdown:

Hardship Affidavit Application Check List

  1. Borrower Information This section requires the complete information of the borrower and co-borrower. This section will also ask whether your property is listed for etc.
  2. Hardship Affidavit This section has hardship options from which you will need to tick out the correct ones showing the reasons for your hardships.
  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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