Fast Gainesville Short Sale Approvals on Fannie Mae Loans Gainesville short sales are no longer easier said than done. Normally, before a Gainesville short sale on a home with a guaranteed loan can proceed, the approval of the mortgage insurance groups is a prerequisite. But now, Fannie Mae mortgage servicers have the means to expedite a short sale approval on Fannie Mae-backed loans as they have been given the power by five mortgage insurers to complete a short sale or deed in lieu of foreclosure without a separate approval from them.

The five mortgage insurers granting Fannie Mae the power to expedite short sales without their approval are the following: MGIC, Genworth, Republic Mortgage Insurance Co., Radian Guaranty, and the PMI Group, which filed for bankruptcy in November.

Fannie Mae entered into such agreement with these insurers as part of their endeavor to make the short sale process fast and increase completions of short sales.

Gainesville short sales significantly increased during the crisis. More and more homeowners on the brink of having their homes being foreclosed on are looking into short sales as an alternative. This significant change in the process of short sale approval will indeed benefit a lot of homeowners applying for a short sale.

Other Articles to Read:

What is a Short Sale?

Short Sale Process - What to Expect

Short Sale Top 10 Questions

Do I Have to Pay for the Real Estate Agents Commission?

Help for Short Sales and Foreclosure Information

Anson Properties LLC

Steph@AnsonProperties.com

O: 352.260.0153 C: 407.252.8240  

www.GainesvilleShortSaleAgents.com

www.GainesvilleHomeSaleSearch.com

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This post has been included in Florida Real Estate News Alachua County, FL Real Estate News
Post is included in group: short sale specialists

11 Comments on Fast Gainesville Short Sale Approvals on Fannie Mae Loans

MAR
03
2012
1,552,323 Points 277 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Thanks for the update, Stephanie. I'm sure interested buyers in your area would really find this post very useful. Thanks for sharing. You know you're market very well as Gainesville Short Sale Agents. Interested buyers in Gainesville should definitely give you a call. Best of luck to more sales. 

 
9:27pm • #1
MAR
08
2012

Good post Stephanie. Thank you for sharing this information. I'm sure homebuyers will find this post quite helpful. I have to say that you are one good Gainesville Short Sale Agents. Keep up the good work.
7:01pm • #2
MAR
19
2012
217,054 Points 2 Featured Posts

Hi Stephanie,

This is great news for gainsville  homeowners on the brink of having their homes being foreclosed on that they have a better option of looking more into short selling their homes instead. And somehow this change in the short sale process can benefit them and Gainesville Short Sale Agents for an easier application.

 

Great material. We look forward to reading more. More Power to you Stephanie!
10:04pm • #3
MAR
21
2012
796,463 Points 80 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Stephanie, this is new information to me and it is so important to have this for homeowners thinking of a short sale.  Gainesville short sellers should be calling you for good guidance and expertise in this process.
9:53am • #4
MAR
23
2012
405,947 Points 8 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp

Thanks for sharing this information about Short Sales. Buyers and Seller of Gainsville short sale will highly appreciate all you knowledge about Short sales.
7:39am • #5
323,699 Points 4 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp

More good news. Short sales in Gainsville and all over will benifit from Fannie Mae being able to move this inventory through the channel faster.
9:22pm • #6
MAR
29
2012
512,035 Points 44 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

Stephanie - who else can bring such important information to homeowners and buyers in Gainesville.  You certainly have the expertise as a Gainesville short sale agent to serve your consumers well. Wishing you great success and fast short sale approvals :)
5:04am • #7
MAR
30
2012
185,193 Points 1 Featured Post Outside Blog Hit Router Attended Rain Camp

That is good news for underwater homeowners looking to do a Gainesville short sale - hopefully that will more the short sale inventory move quickly
10:37am • #8
APR
09
2012
124,250 Points 3 Featured Posts

Thanks, Stephanie, for sharing such up to date information - this is a great post - I am sure that this is excellent news for homeowners needing to do a short sale in the Gainesville area - appreciate reading credible information from an expert Gainesville Short Sale Agent!
10:57pm • #9
APR
17
2012
1 Featured Post Outside Blog

Stephanie,Thank you for sharing with as such an informative blog.Definitely an A+ Gainesville Short Sale Agent. 
9:43am • #10
APR
20
2012
323,699 Points 4 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp

Great topic here Stephanie,All I can say is you're no doubt the best Gainesvile Short Sale Agent.I always enjoy all your blogs,Informative and Excellent is always the key points.

 
9:51am • #11


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