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SOURCE: Edina Realty
The Short Sale video Kris Lindahl, the top Orono Short Sale Agent released, explains the Citi Mortgage process of handling a short sale.
Orono, MN. (PRWEB) October 05, 2012
The Citi Mortgage short sale process is explained by Kris Lindahl in the newly released "Citi Mortgage Short Sale Process" video. "The first step, is to find an experienced short sale agent," Kris Lindahl, the top Orono MN. short sale agent explains. "Remember the real estate commision for the short sale agent is paid for by the bank," Kris Lindahl, the #1 Edina Realty short sale agent says.
Kris Lindahl continues describing the Citi Mortgage short sale process, "Once you have listed the property with an experienced short sale agent, the agent will market the property to find a buyer. When a buyer is found, it is time to sign the purchase agreement, if all the terms are acceptable," Kris Lindahl remarks. "Next, it is time to submit the documents to the bank."
"The documents that are required by Citi Mortgage are bank statements, pay stubs, Letter of Authorization, W2's, taxes, plus any additional documents that Citi Mortgage requires," Kris Lindahl explains, and continues "At that point, the negotiator is going to order a BPO, or an appraisal, to find out the value of the property to determine whether the bank will accept the offer from the buyer. If the bank accepts the offer, the property will then move into closing, and the bank will close the short sale."
The first 2 videos that Kris Lindahl released, are videos explaining the Wells Fargo Short Sale Process, and on the Bank of America Short Sale Process. “I use technology, because it is the easiest way to get information out to the most amount of people, and people are using technology now to find information.” Kris Lindahl, a top Orono short sale agent explains.
The third video Kris Lindahl released in the short sale video series, talks about the Fannie Mae Short Sale Process, and the 4th video explains how the Freddie Mac short sale process works. “I also released another video in the short sale video series, where I discuss how Chase handles the short sale process,” Kris Lindahl adds.
Kris Lindahl, who is a top Orono Short Sale Agent, also provides additional information, and thoroughly covers all aspects of the short sale process, in the newly published comprehensive “Homeowners Guide To Short Sales” book.
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