Fannie and Freddie Set Timeline Requirements for Short Sales


Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 days.  Hopefully this will increase sales and decrease inventory of home on the market, as well as Buyer’s expectations that they can close on these properties.

Short Sale Release April 17, 2012

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