“The new standard short sale program will also provide relief to those underwater borrowers who need to relocate more than 50 miles for a job.”
Blaine, MN. (PRWEB) August 25, 2012
The top Minnesota short sale agent Kris Lindahl uses technology to publish information on the current short sale guideline changes for Fannie Mae and Freddie Mac. Kris Lindahl has successfully merged the Internet with Real Estate, especially the short sale process, and has helped many homeowners get the answers they need about the short sale process.
Kris Lindahl reports, “On August 21, 2012 the Federal Housing Finance Agency (FHFA) made the announcement that Fannie Mae and Freddie Mac were going to issue new, clearer guidelines to their mortgage servicers which would consolidate and align the existing short sales programs into one standard short sale program.” Kris continues to explain, “These new streamlined program rules give lenders and servicers the ability to easily and quickly qualify eligible borrowers for a short sale.”
“These new streamlined guidelines, will go into effect Nov. 1, 2012, and they will permit a homeowner that has a Fannie Mae or Freddie Mac mortgage the ability to sell their home in a short sale even if they are current on their mortgage, if they have an eligible hardship,” Kris Lindahl a top Minnesota short sale agent reports these changes released in the FHFA press release of August 21, 2012. Kris Lindahl adds, “Servicers will now have the ability to expedite the processing of a short sale for borrowers that have hardships, like a death of a borrower or co-borrower, divorce, disability, or relocation for a job without any additional approval from Fannie Mae or Freddie Mac.”
“These new guidelines demonstrate FHFA’s and Fannie Mae’s and Freddie Mac’s commitment to enhancing and streamlining processes to avoid foreclosure and stabilize communities,” said FHFA Acting Director Edward J. DeMarco in the August 21, 2012 press release. “The new standard short sale program will also provide relief to those underwater borrowers who need to relocate more than 50 miles for a job.”
Kris Lindahl thoroughly covers all aspects of the short sale process, in the newly published comprehensive “Homeowners Guide To Short Sales” book. “The Kris Lindahl team of experienced short sale agents can quickly handle any Minnesota short sale, or a homeowner looking for a Wisconsin short sale should visit the WisconsinShortSaleCalculator.com website,” Kris Lindahl says. Call Kris Lindahl at 763-447-3925 or visit the MNShortSaleCalculator.com website for more short sale information. Download a copy of the “Homeowners Guide To Short Sales” at the HomeownersGuideToShortSales.com website. Wisconsin homeowners looking for Wisconsin short sale information can visit the WisconsinShortSaleCalculator.com website.