Recently, sellers who were seeking approval for their Freddie Mac Short Sale were informed by their loan servicing company that the investor (Freddie Mac) has made an important policy change. Effective immediately, Freddie Mac will no longer approve short sales of properties in the redemption period.
In Minnesota, the redemption period is the 6 month time frame following the Sheriff's Sale. This change is being made, in part, because the official ownership of the property changes when the Sheriff's Sale occurs.
There are options to help you deal with these new changes, but don't delay. Call me at my Google Voice number 925-272-8363 or email me at pakaper@ExitRealtyNexus.com for more information.
For more information and the most recent update from Chris Galler at the Minnesota Association of REALTORS®
Use this link to see if Freddie Mac owns your mortgage: https://ww3.freddiemac.com/corporate/
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I'm armed to the teeth with Real Estate Technology, and when it comes to
negotiating on behalf of my clients, I'm a tenacious little pit bull!
Patti Ann Kasper, REALTOR®
EXIT REALTY NEXUS
763-498-2088 cell 763-548-1418 office
www.HouseHuntingHound.com
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