Step One To Get A Folsom- El Dorado Hills Short Sale Approved In 90 Days Or Less
By John Hayes, Folsom,El Dorado Hills, Shingle Springs, CP
(RE/MAX Gold Folsom)
Folsom-El Dorado Hills CA – We're going to start explaining the steps to approving a short sale in 90 days or less. Today, we'll start with Step 1: Find out the type of loan it is. Examples are Fannie Mae, Freddie Mac, FHA, VA, Portfolio, and "Sliced and Diced." Why does this step matter? First, around 70-80% of all loan held by the large, national lenders are not owned by that lender. They are simply collecting the money for the actual owner of the loan. The owner of the loan is the actual gentility that makes the decision to approve or deny the short sale. Find out who the actual owner is and you can hold that lender accountable for their actions. They better do a good job on the short sale. If not, then you report on them to the actual loan owner. In addition, most of these loan own...
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