New Short Sale Policy offers help to current, underwater homeowners

There are more and more options available out there for homeowners who are underwater. Fannie Mae and Freddie Mac are creating new programs to assist you – even if your payments are current. Short Sale time frames are getting shorter, allowing buyers to remain under contract instead of giving up when purchasing takes too long….

Changes in Short Sale Proceedures with Fannie Mae & Freddie Mac

Always remember that the future comes one day at a time. As part of the Servicing Alignment Initiative, on August 21, the FHFA issued a press release entitled FHFA Announces New Standard Short Sale Guidelines for Fannie Mae and Freddie Mac.To view the Freddie Mac Bulletin, please click here. To view the Fannie Mae Announcement…