Freddie Mac & Fannie Mae have made some recent changes that apply to all of their short sales with or without an offer. Please see below the updates sent directly to us from Bank Of America. Title Transfer requirement change: The buyer is prohibited from selling...

Short Sale Assistance True short sale assistance is hard to come by, but with the right team in your corner it is an invaluable service provided to homeowners and real estate agents. Experience, dedication, persistence, and communication are some of the key factors...

Mortgage Debt Relief Act Extended The Mortgage Debt Relief Act ( MDR ) has been reportedly extended through the year 2013. This will serve as great news for any borrowers facing a short sale position on their primary residence. The MDR act may act as protection for...

Second Mortgage Lien Settlement Homeowners across the nation are struggling and many of them want to stay in their property. Many homeowners attempt a loan modification and do not qualify. Others that have qualified continue to have financial difficulties even after...

HAFA Program Expired For Fannie Mae And Freddie Mac The Fannie Mae and Freddie Mac Home Affordable Foreclosure Alternative Program (HAFA Program) will expire on December 31, 2012. This will affect many homeowners as Freddie Mac and Fannie Mae are two of the largest...

Fannie Mae And Freddie Mac Values Starting November 2012 Freddie Mac and Fannie Mae have begun their own evaluations of the BPO's and appraisals that have been completed. Prior to this the mortgage servicers were reviewing the values for these investors. We have seen...

Fannie Mae And Freddie Mac Guidelines Updated As of November 1, 2012 the Federal Housing Finance Authority initiated new Standard Short Sale Guidelines that apply to all Fannie Mae and Freddie Mac mortgages. This guidelines are to help streamline short sales with all...

Freddie Mac Escalations Anyone who has processed enough short sales knows that Freddie Mac(FHLMC) is one of the investors with the strictest guidelines. Due to these strict guidelines many times you will get pushed into a corner on one of your short sale...

Freddie Mac Participates In HAFA Most homeowner's will want to participate in HAFA if they are eligible as it offers a cash incentive and assurance that they will not be pursued for their deficiency if a short sale is completed. It's important to know that when the...