real estate simi valley: Fannie’s Upgraded HomePath Expedites Short Sale Processing
- 02/14/13 12:49 AM
New program set to help expedite the short sale process: Re: Fannie Mae-owned loans According to Jay Ryan, Fannie’s vice president, it creates a short cut for real estate agents for real estate sales, “By giving agents a straightforward, transparent way to escalate short sale issues to Fannie” is expected to help close more sales, prevent foreclosures and stabilize neighborhoods. The new tool follows up on other taken steps to reduce short sale timelines, Fannie said, including expanding eligibility for short sales and prohibiting servicers from reducing an agent’s commission. Fannie said it “will directly engage” with real estate agents (1 comments)