real estate current info short sales: B of A revises how they will do appraisals on their short sales
- 11/25/12 02:39 AM
If I can help you find the perfect Napa Valley property, please email me Curtis@NapaValleyAddress.com B of A streamlines short sale process Bank Of America recently announced it will begin to use additional methods to determine property values in an attempt to streamline the short sale process and reduce cycle time. As of mid-October, different valuation methods that do not require access to the property will be implemented on some transactions. This will reduce the time frame for the valuation stage from several weeks to a few days. When access to the home is necessary to complete the valuation, the real … (9 comments)
real estate current info short sales: Fannie Mae and Freddie Mac to use same short sale program starting November 1st
- 08/22/12 02:56 AM
If I can help you find the perfect Napa Valley property, please email me Curtis@NapaValleyAddress.com I’m happy to inform you of changes announced today by the Federal Housing Finance Agency (FHFA) that will align guidelines for Fannie Mae and Freddie Mac short sales and allow lenders and servicers to quickly and more easily qualify borrowers for a short sale. Here are some specific changes that are effective Nov. 1, 2012: Eliminates current Fannie Mae and Freddie Mac short sale programs and creates a single standard short sale process for both entities (Fannie and Freddie HAFA programs will expire at the end … (4 comments)
If I can help you find the perfect Napa Valley property, please email me
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