How to Choose a Short Sale Agent

by Pat Holkesvig on January 10, 2012

There are many nuances to a short sale transaction and every short sale is unique. Therefore the short sale agent you choose can make or break the deal, so choose wisely. When researching for a short sale agent, experience is very important. Research your local market and see who has the other local short sale listings. If you have access to the MLS find out which agents have closed the most short sales. Meet with the perspective agents and make sure you are comfortable with them and don’t be afraid to ask for referrals.  Pat Holkesvig and Homes-In-NorCal.com has successfully negotiated numerous Manteca short sales, Lodi short sales, Tracy short sales, Lathrop short sales and Stockton short sales. When you choose Homes-In-NorCal.com to represent you in a short sale transaction, you can have peace of mind knowing you have chosen an expert short sale team who:

  • will protect your interests
  • knows the local market
  • uses online technology to market your home effectively
  • is familiar with the paperwork, negotiations and complexity involved
  • is familiar with several lenders and their specific short sale process
  • will negotiate with the lender(s)
  • will stay on top of things throughout the process
  • knows how to expedite your transaction
  • uses online tools and resources for transaction efficiency and convenience
  • is capable of sorting out any problems on a timely basis

Homes-In-NorCal.com is the San Joaquin Central Valley’s short sale specialist!  Call Pat Holkesvig at 209-471-6516 or send an email to info@homes-in-stockton.com

view more in: Stockton Real Estate | Leave a Comment  

Who Owns My Mortgage and Why Do I Need To Know?

by Pat Holkesvig on January 1, 2012

Don’t be afraid to ask the customer service representative for your mortgage servicer who owns your mortgage. The owner, who is often referred to as the investor, might be different from the servicing company or bank that collects and processes your payments. Lenders often sell off the servicing rights, too. So it is very common for the owner and the servicer to be different entities. Many people don’t realize, if you have an issue concerning the terms of your note and mortgage you may need to contact the owner, and not the servicer. The owner has the final approval of any loan modifications or short sales approval terms. This can pose a huge problem because so many people have no idea who this man behind the curtain is controlling their fate. Two of the most common mortgage holders are Freddie Mac and Fannie Mae, however there are many more. If you are not sure who owns your mortgage there are a few links that can help you. You can start by checking to see if Freddie Mac or Fannie Mae own your mortgage. If neither Freddie or Fannie owns your mortgage, you can try searching the MERS servicer ID database for other investors. If you are still unable to determine who owns your loan, send a written request for the investor’s contact information to your mortgage servicer.   

Posted via email from www.Homes-In-Stockton.com Posterous

view more in: Stockton Real Estate | Leave a Comment