Posted on Aug 15, 2012 in Roseville and Sacramento Short Sale FAQs

Hi this is Mark Peek at Keller Williams Real Estate, your Roseville and Sacramento short sale specialist. Today I wanted to talk about how important it is to know who the investor on your loan is before you begin a short sale. If you don’t have that information, it’s kind of like taking your car to get it repaired and not knowing who made it. It is extremely important to know because that sets up how we are going to start our short sale depending on the investor.

Does your loan have to be delinquent to begin a short sale? Do we need an offer before we submit or should we go ahead and submit a package before we get an offer? There are a lot of different things we need to make sure that we are aware of before we even begin the process. Again, not knowing that investor is going to handicap you in your short sale and could potentially prevent you from getting a short sale approval and closing and avoiding foreclosure. Again, I can’t stress how important it is to know these facts upfront.

If you are wondering who the investor on your loan is, I can surely look that information up and we have several tools that we can use to determine who your investor is. Sometimes it’s as easy as asking your bank, sometimes we can use website look ups or sometimes we have to actually give them written requests that force them to mail us your investor information. If you have some questions about who really owns your loan, give me a call or you can shoot me an email. You can also hit start here at the top of the page and enter in your information and I will follow up with you. Again, I’m Mark Peek with Keller Williams, your Roseville and Sacramento short sale specialist and I’m here to help.

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