Investor Freddie Mac Short Sale Help

The Federal Home Loan Mortgage Corporation (FHLMC) commonly known as Freddie Mac is a government sponsored enterprise (GSE). As of September 7, 2008 Freddie Mac was put under a conservatorship of the U.S. Federal government.  Freddie Mac is one of the largest financial institutions in the world. Being a GSE, when they are backing a note that needs to be shorted, you can be prepared for strict guidelines. When the investor Freddie Mac short sale review is underway some key points to keep in mind are:

1. They do not participate in the HAFA Program
2. If the mortgage is current, without sufficient proof of imminent default, the review may be denied on an affordability basis.
3. Freddie Mac may push for a deficiency balance or a promissory note if allowable.
4. Will often require to recoup more money based on their valuation of the home than other private investors.

To speak to a short sale professional, please fill out the form below and you will be contacted right away.