Wells Fargo & Wachovia Short Sale Help Is Only A Phone Call Or E-Mail Away

Posted on Mar 7, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone my name is Mark Peek and I am your short sale specialist in the Roseville and Sacramento and Roseville and Sacramento area, thank you for checking out my blog today. I work with Keller Williams Realty in the Roseville and Sacramento area and use my blog to provide valuable information to homeowners on their options for avoiding foreclosure. If you are behind on your mortgage, or already considering a short sale, please browse my website for more information or contact me directly to discuss your options.

For my blog topic today I wanted to discuss working with Wells Fargo Bank, ASC, or Wachovia Bank on a short sale file and some of my recent experiences. The reason I list three different banks is because Wells Fargo is the parent company of the two smaller companies and all three are essentially under the same umbrella. Wells Fargo is great to work with on a short sale, especially if they own the mortgage and are not just servicing it. Wells Fargo does do a large amount of servicing for Fannie Mae and Freddie Mac and those files will often taken longer due to a separate investor. Both Wells Fargo and Wachovia have a large presence in the Roseville and Sacramento area and I know that many homeowners have their loans through one of these two banks.

If you are considering a short sale and have your loan with Wells Fargo or Wachovia please contact me today to discuss your options for avoiding foreclosure. If you are unsure about the short sale process stop by my website and try out a new product I am offering called the Short Or Stay Calculator. This online service will give you a big picture view of what your home is worth and how far underwater you may be. If your Roseville and Sacramento area home is underwater I want to help you make the best real estate decision possible. Thank you for your time and have a great day.

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You Can Short Sell Your Home If You Aren’t Currently In Default

Posted on Dec 9, 2011 in Roseville and Sacramento Short Sale FAQs

Hello and thanks for visiting my blog today, I’m Mark Peek from Keller William’s Real Estate. I am your short sale expert in the Roseville and Sacramento area. If you are facing foreclosure and would like a better alternative, a short sale can help you out in many different ways.

I receive a lot of questions from homeowners that are interested in doing a short sale on their home. One of the most frequent questions that I get is, "Do I have to be delinquent on my loan in order to do a short sale?"

The easy answer to that question is no, however it depends on your investment. I have spoken to some of the top servicers, such as Wells Fargo and America, and investors, such as Fannie Mae and Freddie Mac, and asked them the question, "If a borrower wasn’t currently in default, but going into default was imminent for whatever reason would you allow them to do a short sale on their home?" They all stated that if a person was facing financial hardship and was going to become delinquent, they would absolutely consider allowing them to short sell their home. I have actually gotten approvals and closed 3 short sales in the past 4 months with non-delinquent borrowers.

Not everyone has to be delinquent to do a short sale. There are certain situations where an investor may require you to be delinquent, however, in most cases the answer is no, you do not need to be delinquent for your servicer or lender to allow you to do a short sale. If you have any further questions or would like more information about this, or anything else regarding short selling your home, please give me a call today. I would like to discuss your specific financial situation with you and help you successfully short sell your home.

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