Tweet Fannie Mae and Freddie Mac announced changes to their servicing requirements for all their short sales. The following guidelines must be followed in order to comply with the rules. The buyer is prohibited from selling the property for any sales price for a period of 30 days from the date of the deed. After the 30 [...]
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Posted in Education, Market News, Uncategorized
Tagged fannie mae, freddie mac, investors, real estate, short sales, transactional funding
Tagged fannie mae, freddie mac, investors, real estate, short sales, transactional funding
Tweet Interesting read at CNBC last Friday about banks moving to short sales by Dianna Olick. Earlier this week a top executive at Bank of America told an REO conference in Dallas that the lender would be focusing more on short sales than ever before. At first hearing this, I assumed it was because of [...]
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Posted in Uncategorized
Tagged bank of america, foreclosure, HAFA, HAMP, preforeclosure, reo, short sale, short sales
Tagged bank of america, foreclosure, HAFA, HAMP, preforeclosure, reo, short sale, short sales
