Tag Archives: Freddie Mac

New Short Sale Rules Take Effect in June

Posted on July 4, 2012 by John Anderson

With short sales expected to outpace foreclosures in the coming year, the short sale process itself will be streamlined under new guidelines adopted by Fannie Mae and Freddie Mac. The guidelines, which take effect on June 15, 2012, require mortgage … Continue reading →

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Robo-signing Settlement: The Impact on Short Sales

Posted on February 14, 2012 by John Anderson

The settlement closes the chapter on the robo-signing scandal that broke in late 2010, when it came to light that major service providers were signing off on foreclosure documents without following proper protocols – in many cases, without even reading the paperwork. Continue reading →

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Short Sale vs. Foreclosure: Do the Right Thing

Posted on January 29, 2012 by John Anderson

The majority of lenders would prefer to avoid foreclosing on a home and instead negotiate a short sale A short sale is beneficial to the homeowner as well as the bank; yet, in our experience about 80 percent of homeowners in arrears on their mortgage end up taking the foreclosure route, with detrimental results. More importantly, negotiating a short sale is the right thing to do Continue reading →

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