Fannie Mae just released new guidelines – effective March 1, 2009 – affecting short sales. These changes are very much welcomed by any Realtor who has been pressured to reduce his/her commission on a short sale:
“Servicing Guide, Part VII, Section 504.02: Contacting Selected Borrowers Effective March 1, 2009, closing of pre-foreclosure sales may not be conditioned upon a reduction of…read the rest of the Fannie Mae releases new short sale guidelines article.
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