Mike Rigley Certified Default Advocate,
Distressed Property Expert and your short sale specialist here thank you for
joining us.
Wells
Fargo Short Sale – Who Owns My Loan? Great question and a
better follow up is why does it matter? Most people realize that the bank they
make the payment to usually is not the institution or investor that actually
owns the loan or note as it is usually referred to. The real question is why
that is important.
It is important in a Wells
Fargo Short Sale because the investor’s guidelines will impact
how the Wells Fargo Short Sale is negotiated. Each
investor has different guidelines as far as being late or current on the
payment, whether relocation assistance is allowed or not and even so far as if
the investor on the Wells
Fargo Short Sale will even consider the Wells
Fargo Short Sale in the first place.
Who are these investors
you ask? They can be retirement plans, Hedge Funds or other commercial entities
but the largest are Fannie Mae and Freddie
Mac, the government sponsored entities or GSE’s that you and I the
tax payers support.
There are several ways
to find out who the investor is on any given Wells
Fargo Short Sale. We use a couple of different websites that tells
us with a certain degree of accuracy. If you are unsure or need to know, give
me a call and I will see if we can help.
Is a West Sacramento Short Sale Right for Me?
Give me a call and let’s find out. We also offer a short sale lease back program for those who
qualify allowing you to short sale and stay in your home. Call me
for details
To get a better idea of when your West
Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free
estimate or call me today for a free no obligation consultation or for the
latest West Sacramento short sale information. Call me
today and sleep better tonight; you’ll be glad you did.
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