Kris Lindahl continues to expand upon the documents that are required by saying, “The documents that homeowners are going to need for a Wells Fargo short sale, are their last 2 years of...”
Anoka, MN. (PRWEB) August 19, 2012
Kris Lindahl a top Anoka County Short Sale Agent that works consistently with Wells Fargo on Short Sale loans, will help many Minnesota and Wisconsin homeowners with their short sale process through online resources to reach more people. Kris Lindahl says, “My experience with Wells Fargo has always been that they are a great bank to work with on short sales, because the Wells Fargo short sale department is second to none. My success rate is very high when closing short sales with Wells Fargo.”
Kris Lindahl says, “The way the short sale process works at Wells Fargo depends on the type of loan. For example, Wells Fargo is the servicer on the loan, and the investor could be FHA, VA, Freddie Mac, or Fannie Mae.” “Since there could be different investors on the loan, and depending upon which investor is involved, the process is different. That is why it is so important for homeowners to use an experienced, proven short sale agent to help them with the short sale of their home,” Kris Lindahl explains. “With a standard Fannie Mae or Freddie Mac conventional loan, the entire process of the short sale is negotiated on the Equator.com website, which is a complete solution website for Default Servicing, and improves efficiency while enabling compliance with regulatory requirements and internal policies," Kris Lindahl adds.
“As far as obtaining a FHA short sale with Wells Fargo,” Kris Lindahl reveals, “they are negotiated out of the Milwaukee office. Short sales are done by the traditional fashion, communicated with the negotiator by phone, or by email.” Kris Lindahl says, “and a VA short sale is handled from the Milwaukee or Des Moines office.”
Kris Lindahl says, “The VA short sale loans have some of their own specific set of documents, plus there are different things within each of the investor specific documents that will change how the short sale process works.” Kris Lindahl elaborates, “with a traditional type of short sale loan, all of the approval letters come through the Equator.com website, or they go through a secure messaging system. This is why it is imperative for homeowners to contact an experienced Anoka short sale agent to handle their short sale.”
Kris Lindahl continues to expand upon the documents that are required by saying, “The documents that homeowners are going to need for a Wells Fargo short sale, are their last 2 years of tax returns, their last 2 pay stubs, W2’s, their last 2 bank statements, and some Wells Fargo addendums, and an Arms Length Affidavit.
Also, depending upon the particular investor, there are investor specific documents. Like HUD, which is an FHA loan,” Kris Lindahl says “has what is called an Approval to Participate document, which gives the value of what the bank wants to sell the property for. The homeowner will be required to agree to the Approval to Participate document, even before they get the approval on the short sale.”
Minnesota and Wisconsin homeowners can contact the top Anoka County Short Sale Agent Kris Lindahl and the Kris Lindahl Short Sale Team at 763-447-3925 for help getting a Wells Fargo short sale, because Kris Lindahl, and his Short Sale Team are the leaders in the country with Wells Fargo short sale loans, and have a long, proven track record in getting short sale loans approved for Minnesota and Wisconsin homeowners.