Posted on Aug 17, 2012 in Roseville and Sacramento Short Sale FAQs

Hi this is Mark Peek here at Keller Williams Real Estate, your short sale specialist for the Roseville and Sacramento area. Today I wanted to talk about Freddie Mac short sales. Does Freddie Mac own your loan? If you’re not sure if Freddie Mac is the investor on your loan, definitely give me a call or send me an email because I can help you figure that out. If you have a Freddie Mac loan and are considering a short sale they are a bit different to work with and there are some things you need to know before beginning the short sale process.

The first thing is that you don’t want to get an offer before you attempt a short sale, especially if you’re interested in the HAFA short sale program that gives borrowers relocation assistance. If you present an offer on a Freddie Mac short sale before you apply for HAFA you will be declined. That’s one of the things that a lot of people don’t know; there are other regulations and guidelines that Freddie Mac has that other investors do not, so if you’re contemplating a short sale and are interested in some more information or don’t know who owns your loan, please give me, Mark Peek at Keller Williams, a call and I can help you figure that out.

If you are considering a short sale, no matter who your investor is, and aren’t certain if it’s the best move for you financially at this time, I’d also like to encourage you to check out the short sale calculator located on my website. If you enter in some of your basic property and loan information it’ll tell you when your home will become an asset again and how much money that’s going to cost you based on different rates of appreciation. Based on this report, you can determine whether or not a short sale makes sense for you at this time.

Again, if you have any questions on finding out who your investor is, Freddie Mac short sales, or our short sale calculator, please give me a call. Thanks for joining me today.

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