Fannie, Freddie to streamline short sales.

Fannie, Freddie to streamline short sales*

Late yesterday, the Federal Housing Finance Agency (FHFA) announced it has directed Fannie Mae and Freddie Mac to develop enhanced and aligned strategies for facilitating short sales, deeds-in-lieu, and deeds-for-lease in order to help more homeowners avoid foreclosure. The effort will come in stages with the first taking place this June. The new, aligned timelines include the requirement that mortgage servicers review and respond to requests for short sales within 30 calendar days from receipt of a short sale offer.

 

Take advantage of my 17 years of doing short sales here in Temecula Ca. Ask me about the incentives offered by many lenders to help you with relocation costs.
Call Sidney Kutchuk 951-215-6745 or click Temecula Short Sale Agent
* Data pulled from C.A.R.

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Sidney Kutchuk

Temecula Short Sale Specialist and Real Estate Broker. Sidney Kutchuk - Temecula Real Estate Broker Realty Works Temecula 41720 Winchester Road #J Temecula CA 92590 951-215-6745

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