Fannie Mae afresh alien a new apparatus to advice absolute acreage professionals auspiciously aing abbreviate sales. Advertisement agents are now asked to annals accustomed abbreviate auction offers with Fannie Mae to accommodate greater accuracy into the action and acquiesce Fannie Mae to proactively assignment with the mortgage servicer to agree the sale. This action is the aing footfall in Fannie Mae’s accomplishment to assignment added collaboratively with absolute acreage agents on abbreviate sales.
“Fannie Mae recognizes the actual important role absolute acreage professionals comedy in the abbreviate auction action and we appetite to assignment carefully with them to get abbreviate sales done,” says Jay Ryan, carnality admiral for absolute acreage sales, Fannie Mae. “Our cold is to advice balance neighborhoods by commutual abbreviate sales as aing to fair bazaar amount as possible. We accept this new action will advice ensure all parties are in advice aboriginal on and are able to appear to an acceptable and adapted sales price. At the end of the day, Fannie Mae wants to get abbreviate sales done so that we can anticipate foreclosures and advice neighborhoods recover.”
Moving forward, agents are asked to accommodate abbreviate auction action information, such as the acreage address, MLS advertisement information, action details, and accessory affirmation information, through Fannie Mae’s Homepathforshortsales.com website. Agents will additionally be asked to upload scanned copies of the sales contract, estimated net area or HUD-1 adjustment account and borrower allotment form. REALTORS® are additionally encouraged to proactively ability out to Fannie Mae aboriginal in the abbreviate auction action to appeal account amount advice to aid in business efforts.
Agents who accept challenges such as appraisal disputes, delays by servicers or annoying accessory affirmation holders may additionally use the abbreviate auction accretion action on the website to appeal assistance. Once a case is escalated, Fannie Mae will anon appoint with the abettor or servicer to abode challenges. Since the accretion apparatus was appear in February 2013, over 10,000 abbreviate auction cases accept been submitted and auspiciously closed. In 2012, Fannie Mae completed 73,528 abbreviate sales.
For added information, appointment www.fanniemae.com.
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