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Tag: short sales in arizona

Would You Like to Know Who your Investor is or Who Holds the Note on Your Property?

August 3, 2012

Hey guys, Kelly Cook here with the Kelly Cook Real Estate Group, your :k1: short sale specialists. You can find us online at www.AZKCRealEstateGroup.com. Now we specialize in helping valley homeowners across the entire :k1: area find alternatives to foreclosure through the means of a short sale. Now the topic we are specifically addressing today is Freddie Mac short sales. Freddie Mac is a GSE which stands for a Government Sponsored Entity. So they do have some connection with the federal government but they are one of the largest owners and holders of mortgages. So when you go to your bank at Wells Fargo or Chase or whoever it may be and you originate your mortgage they will sometimes sell it to another investor such as Freddie Mac. Then Freddie Mac holds and insures that note.

So if you have a current loan with your bank and want to know who the investor is who actually owns the note and will make the final decision on anything you do with that note, you can go to your favorite search engine such as Google or Bing and type in Freddie Mac look up. Go to their website, put in your information and it will tell you exactly if your loan is owned by Freddie Mac. There are several programs under the Making Home Affordable Act that only pertain to Freddie Mac loans so it’s good to know that. If you are having trouble with that and aren’t sure exactly what to do to find that out, give us a call today. We would love to help you out. We deal with Freddie Mac short sales all the time. We have several going with them and we have closed probably close to 100 Freddie Mac short sales because there are so many non performing Freddie Mac loans.

Again, I’m Kelly Cook with the Kelly Cook Real Estate Group, your :k1: short sale experts and we’re here to help. You can reach us at our office at 480-442-9868 or email us at info@kellycookhomes.com. You can also go to our short sale calculator site at myhomevaluecalculator.com to find out if your home is an asset and what the current value is. We hope this has been helpful information and we hope to hear from you soon. Thanks and have a wonderful day.

How Long Does The Arizona Short Sale Process Take?

February 21, 2012

Hello everyone, Kelly Cook here with the Kelly Cook Real Estate Group, your :k1: short sale specialist. We can be found online at www.azkcrealestategroup.com; we service and help homeowners across the entire :k1: area short sell their properties and find alternatives to foreclosure if they are underwater.

Today we are addressing one of our frequently asked questions, “How long does the short sale process take?” The simple answer to that is approximately ninety days. You also have the time in front of that, which is the marketing period where you have to find a buyer and obtain an offer on the property. Then there’s the negotiation period where we submit everything to your lender up until the point where we negotiate the lender’s approval. This usually lasts about ninety days. The last stage is the escrow period; this is the time it takes the buyer to close on the loan, which usually takes about thirty days. It could easily be up to 180 days to complete the short sale process, but on average it usually takes about 90 days.

There are also other factors that could impact the length of your short sale transaction, such as who your bank is or who your investor is. It’s always good to have a qualified and experienced short sale agent like the Kelly Cook Real Estate Group help you out. If your short sale process gets stuck and is slow moving, we can call upon one of our contacts that we’ve established a relationship with over the years.

If you are stuck in negotiations that have gone nowhere, it’s always good to be able to contact someone on the inside of the company to help you out and find a solution. Again, you can only get these things by hiring an experienced agent that is well-practiced in short sales. Please contact us on our website, via the live chat, email us or give us a call at our office. We look forward to hearing from you and helping you with your short sale.

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