Are you aware of who owns your home loan? They are also known as the investor or the company that backs your mortgage. If you don’t know and need help finding out, you can either look around on the internet, contact your lender or talk to a short sale specialist in the San Diego area. Some homeowners often get confused between who the lender is and who the investor is on their account. It is possible that the investor is the same as the lender, but in some cases it’s not. The lender or servicer is the person that you mail your payment to. They take a small portion of that money for servicing the loan and forward the rest of it on to the investor. The investor is the person that actually provides the funds for your mortgage.

The reason why it’s so important homeowners know the investor on their mortgage is because if they are thinking about doing a short sale on their property, the investor is the one that calls the shots. The investor makes all of the decisions regarding the short sale, as well as establishes the terms of how the short sale is going to play out. The lender has absolutely nothing to do with the decision making in regards to your short sale. Two of the biggest investors in the country are Fannie Mae and Freddie Mac; if you think you may have a Fannie Mae or Freddie Mac mortgage, you can check out their websites.

Many homeowners don’t know who the investor on their mortgage is and it’s a very important thing to know, especially if you are struggling to pay your mortgage and are facing foreclosure or considering a short sale. For more information on how to find out who your investor is contact a San Diego area short sale specialist today. By working with a short sale specialist, they will also be able to let you know if your investor is currently offering any short sale incentives.