Would Freddie Mac Rather Short Sale or Foreclose? You Be The Judge-An Actual Phoenix Short Sale Case Ok, I’ll make this short but sweet… I’m handling a Phoenix short sale for a client. We’ve had the property listed since July 12, 2010. The seller tried to “do the right thing” by not simply walking away…
Fannie Mae Now Issuing Fines To Servicing Lenders Who Don’t Foreclose In A “Timely Manner”! On August 31, 2010, Fannie Mae released Announcement SVC-2010-12, “Foreclosure Time Frames And Compensatory Fees For Breach Of Servicing Obligations”. This announcement acts as a supplement to the Servicing Guide, which gives servicing agencies the Fannie Mae “rules for foreclosure”….
Miss Out On A Fannie Mae Short Sale? Just Wait Two Weeks! Over the past two months, I’ve noticed a trend with failed Fannie Mae short sales in the Arizona pre foreclosure market. We’ve had at least 5 cases where our buyers lost short sales because Fannie refused to extend the foreclosure dates. In all…
