Most lenders demand three qualification guidelines...Those include insolvency, financial hardship, and insufficient equity.
Blaine, MN (PRWEB) December 18, 2012
"Most lenders demand three qualification guidelines, and Wachovia is one of them,"Kris Lindahl said at the a short sale seminar he held last night in Blaine Minnnesota, and continues,"Those include insolvency, financial hardship, and insufficient equity. Insolvency means that if you hold major assets, you will be expected to dissolve them to pay down your debt to the lender. Financial hardship means you are unable to meet your current monthly mortgage payments.Insufficient equity refers to if the proceeds from the sale of the home at current market value are insufficient to pay what you currently owe on the property."
"These three guidelines are a great start to figuring out if you are eligible for the short sale process," Kris Lindahl says. Kris Lindahl has also created three short sale calculators including the Minnesota Short Sale Calculator website that allows you to check your eligibility for the process as well.
"Another important guideline to the process is to find an experienced short sale agent," Kris Lindahl explains. "When buying or selling a home it is imperative that you have the best technological tools at your fingertips and with me as your agent I can guarantee that's exactly what you'll have."
Kris Lindahl recently received the Chairman's Award, the highest honor a real estate agent can receive, from Edina Realty for record-breaking numbers in sales and sales volume year-to-date. "I chalk up my success to hard work, dedication, and a technological expertise that gives me the edge over other agents across the country. I am an Internet Marketing Specialist. I know real estate like the back of my iPad," Kris Lindahl explains.
Kris Lindahl assembled an experienced, hard-working team of Edina Realty real estate agents that specialize in working with residential real estate, first-time home buyers, and distressed property sales.
Call Kris Lindahl and the Kris Lindahl Team at (763) 607-1415 for more information. Visit the Minnesota Short Sale Calculator to check eligibility and the Kris Lindahl website for personalized help. Download Kris Lindahl's published eBook, titled "A Homeowner's Guide To Short Sales", for free.