This post is one of the many “Useful Links” you will find on this website’s “Useful Links” page. Links on the “Useful Links” page are in a sortable table by category and subject matter. That page has links to articles or sites that are useful on various subjects. If you have a suggesting for another “useful link” to add to our list, please contact us and let us know.
Subject: Freddie Mac – Overview for Real Estate Professionals
Useful Link: Freddie Mac Standard Short Sale Overview for Real Estate Professionals, http://www.freddiemac.com/singlefamily/pdf/ss_realtor.pdf
Freddie Mac Standard Short Sale Overview for Real Estate Professionals
Standardizes and expedites the short sale process for struggling homeowners
When a home retention option is not a viable solution for some of your clients who are at risk of losing their home, the Standard Short Sale, available through Freddie Mac Servicers, offers eligible homeowners another opportunity to avoid foreclosure. The requirements are intended to facilitate quicker, more flexible short sale transactions in order to help expedite struggling homeowners’ transition to more affordable housing. Freddie Mac Servicers will begin implementing these requirements for new borrower evaluations on or after November 1, 2012…