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Tag: fannie mae short sale

New Fannie And Freddie Guidelines Good News For Short Sale Candidates

November 20, 2012

Hello everyone Kelly Cook here with the Cook & Associates Real Estate Advisors, your :k1: short sale specialist, thank you for joining me today. My team of short sale experts work with :k1: homeowners every day to help them avoid foreclosure through the means of a short sale. If your mortgage is currently underwater or if you have seen the value of your home greatly diminished please browse through my website or give me a call to discuss your real estate options.

For my blog topic today I wanted to talk with :k1: homeowners about some new rules for doing a short sale with Freddie Mac and Fannie Mae. Both investors have recently come out with new rules and guidelines in hopes of speeding up their short sale process. Now both parties have done this in the past with very little results to show but I have reason to believe these new guidelines can be a big help. First, borrowers will no longer have to be delinquent on their mortgage in order to complete a short sale if they can prove a valid hardship. Second, Fannie and Freddie will now help expedite the pay off of any second liens on your :k1: home. And third, Fannie and Freddie will eliminate the ability for your lender to seek a deficiency judgment against the borrower during a short sale. The big take away from these new guidelines is that Fannie and Freddie will be more consistent with their short sale process and hopefully be able to help more homeowners.

If you have questions about your distressed property please fill out a contact form on my website or call me today to chat with an expert about your options. On my website you can also find our Short Or Stay Calculator that may help you determine if a short sale is right for your :k1: property. Thank you for your time today and I look forward to helping you in the future with all of your real estate needs.

Do You Know If Fannie Mae Is The Investor On Your Mortgage Note?

August 2, 2012

Hello everyone my name is Kelly Cook with the Cook & Associates Real Estate Advisors, your :k1: short sale specialist, thank you for joining me today. Our team of short sale specialists are working with :k1: homeowners every day and I use this blog to share valuable information for distressed property owners looking to get out from under mortgage debt. If you are having trouble paying your mortgage each month or have seen the value of your home greatly diminished take a minute to browse my website or call me directly to learn more about all of your real estate options.

For my blog today I wanted to speak with you about completing a short sale on a mortgage owned by Fannie Mae in the state of :k1:. Fannie Mae is a huge organization that owns a vast majority of the mortgage notes in this country and are considered the investor on your loan. While there are several other investors out there Fannie Mae is by far the largest and in turn I work with them on several of the short sale files that I take on. As a :k1: homeowner it is important to know who the investor is on your loan in order to understand if you qualify for any short sale programs or incentives. It is very easy to find out who your investor is and which programs you qualify for by simply contacting a trusted short sale agent in the :k1: region. These short sale programs backed by Fannie Mae may save you money or provide relocation assistance once your short sale is complete.

There may be certain qualifications to meet and not every homeowner will qualify but it is important to know your specific situation. For more short sale information, or to find out who your investor is, fill out a contact form on my website or call today to get started. Thank you for your time today and I hope to hear from you soon at the Cook & Associates Real Estate Advisors in :k1:.

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