Kris Lindahl explains, “The documents that homeowners are going to need for a Wells Fargo short sale, are their last 2 bank statements, their last..."
Blaine, MN. (PRWEB) August 11, 2012
Kris Lindahl, who is a top short sale agent in Minnesota and Wisconsin, is also a top Wells Fargo short sale agent. Kris Lindahl explains, “That the way the Wells Fargo short sale process work depends on the type of loan. For example, Wells Fargo is the servicer on the loan, and the investor could the Freddie Mac, Fannie Mae, FHA, or VA.”
“Since there could be different investors on the loan, and depending upon which investor is involved the 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. “With a standard Freddie Mac, or Fannie Mae conventional loan 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.
“As far as a FHA short sale with Wells Fargo is handled,” Kris Lindahl explains, “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.”
Kris Lindahl has reached a preferred Wells Fargo short sale agent status, and is sought after by many people to handle the short sale of their home, because of his success rate with short sale approvals. 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 explains, “The documents that homeowners are going to need for a Wells Fargo short sale, are their last two bank statements, their last two pay stubs, their last two years of tax returns, W2’s, and some Wells Fargo addendums, and an Arms Length Affidavit. Plus, depending upon who the investor is, 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. So the homeowner has to agree to the Approval to Participate document, even before they get the approval on the short sale.”
“VA has their own documents,” Kris Lindahl adds, “and there are different things with in those investor specific documents that change how the short sale works.” Kris Lindahl explains, “with the traditional short sale, all of the approval letters come through the web site Equator.com, or through a secure messaging system.”
Contact Kris Lindahl at 763-447-3925 for help getting short sale loans approved, because Kris Lindahl is one of the leaders in the country with Wells Fargo short sale loans, and has a proven record in getting short sale loans approved.