Posted on May 17th, 2012
Hey, I am Josh and that is Sarah. We are with the Pomerleau Team here at Keller Williams Realty. We are Minnesota’s number one short sale experts. We love helping out people within the short sale world. We’ve been doing this for about 6 years. We help as many individuals as we can annually to keep away from foreclosures through a brief sale.
As we speak we might like to speak about one of our most closed lenders, Wells Fargo. We’re going to discuss what’s been occurring with them these days, what we have been seeing from processes with them after which just an idea of what to anticipate from them and a short sale. We just received a short sale approval from them in about 30 days. It was a portfoio loan. What we’ve heard from them on their portfolio loans is sometimes it’s called a low doc short sale process. They don’t even want all the documents, however we’re still going to wish to get as much of the paperwork as doable to make sure we now have a easy short sale process. They know the percentage of what they’re going to get back and so they simply need to get rid of it. For almost all of our clients who’re with Fannie Mae or Freddie Mac, or an FHA it does take longer possibly about ninety days to negoiate the short sale, but we can assist you with that. Wells Fargo has been nice to work with up to now and they have been to this point this year.
I would also like to speak about mortgage insurance and if its FHA mortgage insurance coverage, that is alright but when it’s a standard loan with mortgage insurance coverage, there may very well be extra steps that we have to undergo together with your file.
I would also like to talk about 2nd mortgages. We have been dealing with 2nd morgages lots these days, the truth is we just closed one yesterday that had a second mortgage and it’s mainly Wells Fargo’s home equity department and we have been actually seeing them attempting push our clients through to the recovery department. They have been a lot more troublesome to work with lately. We go the extra mile to get short sales accomplished for our clients.
If you have any questions, feel free to give us a call. You too can use our short or stay calculator. It’ll speak about all the numbers that have to do along with your short sale. It’ll tell you how long it’ll take you to get even on your house and how much money that’s going to cost. It basically offers you data that can assist you determine if a short sale is true for you. You can even get a hold of us by clicking the big start button on shortsaleshift.com and we have now a contact form for you fill out. You too can chat with us, call us or e-mail us. Again we are Josh and Sarah with the Pomerleau Team, Minnesota’s primary short sale experts and we’re here to help. Thanks and have an incredible day.
Filed under 2nd Mortgages, 6 Years, Doable, FHA mortgage insurance, Freddie Mac, Keller Williams Realty, Lenders, Loan Mortgage, Morgages, Mortgage Insurance Coverage, Ninety Days, Paperwork, Portfolio Loans, Standard Insurance, Standard Mortgage, fannie mae, foreclosure, foreclosures, home equity, second mortgage, short sale, wells fargo |
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