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 Standard Short Sale Information
Useful Link: Freddie Mac Standard Short Sale Info, http://www.freddiemac.com/singlefamily/service/short_sales.html
——
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….
