“The standard Fannie Mae, or Freddie Mac is considered a conventional loan, so the entire short sale is negotiated on a website called Equator.com,” Kris Lindahl explains.
Twin Cities, MN. (PRWEB) August 23, 2012
Kris Lindahl, who is a top Twin Cities Short Sale Agent has been busy recording and producing a video series about the short sale process, and how it is handled by different banks. “There are many different investors that can fund a home loan, and depending upon which investor is involved, the short sale process is different. That is why homeowners need an experienced, proven short sale agent to help them with the short sale of their home,” Kris Lindahl explains.
“The standard Fannie Mae, or Freddie Mac is considered a conventional loan, so the entire short sale is negotiated on a website called Equator.com.” The Equator.com website is a complete solution website for Default Servicing, which Improves efficiency while enabling compliance with regulatory requirements and internal policies using Equator's proven solutions.
“The way that an FHA short sale with Wells Fargo is handled,” Kris Lindahl continues to explain, “they are negotiated out of their Milwaukee office. Short sales are done by the traditional fashion, communicated with the negotiator by email, or on the phone.” Kris Lindahl says, “the same with the VA, short sales are handled from the Des Moines or Milwaukee office.” “This is why the video series is so helpful to homeowners considering a short sale, and looking for information about the short sale process. I would also recommend my new “Homeowners Guide To Short Sales” book to get a complete understanding of the short sale process,” Kris Lindahl explains.
Kris Lindahl adds, “with a traditional type of short sale, all of the approval letters come through the Equator.com website, or they go through a messaging system that is secure. For homeowners who have home loans with the VA, the VA has their own set of documents,” Kris Lindahl explains, “plus there are multiple different things within each of the investor specific documents that will change how the short sale process works.” “These are some of the reasons why it is so important to contact an experienced short sale agent to handle a Minnesota short sale, or for a Wisconsin short sale visit the WisconsinShortSaleCalculator.com website,” Kris Lindahl says.
The first 2 videos that have been released are videos explaining the Wells Fargo Short Sale Process, and on the Bank of America Short Sale Process. A top Twin Cities Short Sale Agent, Kris Lindahl, also has additional information, and thoroughly covers all aspects of the short sale process, in the newly published comprehensive “Homeowners Guide To Short Sales” book.