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The Investor Behind Your Short Sale Loans

By
Real Estate Agent with Group 4610 Network

Today we are going to talk about investors. Not the investors that go out and buy properties, but the investors that own the loans that we negotiate short sales on. We would like to specifically talk about Fannie Mae and Freddie Mac.

First of all, how do you even find out who the investor is? The easiest way to find out is by searching google for the Freddie Mac or Fannie Mae lookup tools. Also, ask every time that you call the bank. Ask the bank who the investor is and whether or not there is mortgage insurance. Be persistent when you are asking.

It's necessary to find the investor because there are times when you have to escalate to the investor. We just had a file with Wells Fargo where Freddie Mac emailed me directly and copied Wells Fargo on it. Furthermore, the investor agreed with us on our BPO dispute.

Also worth noting, many of the servicers we have been working with lately have been putting up road blocks about HOA fees and other little ridiculous fees. So, knowing the investor is important because it is their money on the line. The servicers will fuss about all of the little fees because it isn't their money. There are many benefits to working directly with the investor.

Do you have questions? Read the Short sale FAQs.

Are you a Realtor? Then get free short sale training by Kevin and Fred at Free Realtor Training on ShortSalePowerhour.com

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