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Oak Grove Short Sale Agent Kris Lindahls Fannie Mae Short Sale Video Release Is Timely With FHFA Announcement(September 03, 2012)
Oak Grove, MN. (PRWEB) September 03, 2012
The third video of Kris Lindahls, a top Oak Grove short sale agent, Short Sale video series, was about the Fannie Mae Short Sale Process. This video was released just on the heels of the August 21, 2012 announcement by the Federal Housing Finance Agency (FHFA) about how the Fannie Mae and Freddie Mac were going to issue new, clearer guidelines to their mortgage servicers which would consolidate and align the existing short sales programs into one standard short sale program. Kris continues to explain, These new streamlined program rules give lenders and servicers the ability to easily and quickly qualify eligible borrowers for a short sale.
Kris Lindahl adds, Servicers will now have the ability to expedite the processing of a short sale for borrowers that have hardships, like a death of a borrower or co-borrower, divorce, disability, or relocation for a job without any additional approval from Fannie Mae or Freddie Mac. New streamlined guidelines, will go into effect Nov. 1, 2012, and will permit a homeowner that has a Fannie Mae or Freddie Mac mortgage the ability to sell their home in a short sale even if they are current on their mortgage, if they have an eligible hardship, Kris Lindahl a top Oak Grove short sale agent reports these changes released in the FHFA press release of August 21, 2012.
These new guidelines demonstrate FHFAs and Fannie Maes and Freddie Macs commitment to enhancing and streamlining processes to avoid foreclosure and stabilize communities, said FHFA Acting Director Edward J. DeMarco in the August 21, 2012 press release. The new standard short sale program will also provide relief to those underwater borrowers who need to relocate more than 50 miles for a job.
These new streamlined guidelines, will go into effect Nov. 1, 2012, and they will permit a homeowner that has a Fannie Mae or Freddie Mac mortgage the ability to sell their home in a short sale even if they are current on their mortgage, if they have an eligible hardship, Kris Lindahl a top Oak Grove short sale agent reports these changes released in the FHFA press release of August 21, 2012.
Kris Lindahl thoroughly covers all aspects of the short sale process, in the newly published comprehensive Homeowners Guide To Short Sales book. The Kris Lindahl team of experienced short sale agents can quickly handle any Minnesota short sale, or a homeowner looking for a Wisconsin short sale should visit the WisconsinShortSaleCalculator.com website, Kris Lindahl says. Call Oak Grove Short Sale Agent Kris Lindahl at 763-447-3925 or visit the MNShortSaleCalculator.com website for more short sale information. Download a copy of the Homeowners Guide To Short Sales at the HomeownersGuideToShortSales.com website. Wisconsin homeowners looking for Wisconsin short sale information can visit the WisconsinShortSaleCalculator.com website.
Read the full story at http://www.prweb.com/releases/Oak-Grove-Short-Sale/Agent-Kris-Lindahl/prweb9862373.htm.
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