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Subject:   Freddie Mac Standard Short Sale Information

Useful Link:  Freddie Mac Standard Short Sale Info,


Freddie Mac Standard Short Sale

To make the short sale process easier and quicker for Servicers, homeowners, home buyers, and others involved in a short sale transaction, Freddie Mac announced the Standard Short Sale and the Freddie Mac proprietary Obtain Valuation functionality. The new requirements offer a more efficient decisioning process that eliminates extra steps for Servicers when helping struggling homeowners transition to more affordable housing and eligible home buyers purchase a home of their own.

Servicers must begin implementing the new Standard Short Sale requirements for new borrower evaluations conducted on or after November 1, 2012….