This might speed up the short sale approval process, from Freddie Mac: Communication Time Lines for Short Sales The new requirements introduce specific response time frames for certain activities in the short sale process... Effective for new evaluations conducted on or after June 15, 2012, Servicers must comply with the following minimum communication time frames for all short sales.
I mentioned this announcement two weeks ago - Kathleen Pender at the San Francisco Chronicle has more: New guidelines are a tall order for short sales Fannie Mae and Freddie Mac have issued new guidelines designed to speed up short ... Read Post
Foreclosure sales usually come at a deeper discount than non-distressed home sales. For many years, the mixture of foreclosure sales and non-distressed sales was distorted especially in California where the housing market faced a d... Read Post
It was announced weeks ago that Fannie Mae and Freddie Mac had a master plan for speeding up and improving the short sales process, but the new guidelines issued are being criticized by the real estate industry as unrealistic. Get m... Read Post