Mortgage giant Fannie Mae says it wants to hear from real estate agents sooner when they run into obstacles that can derail short sales, and is implementing a system that will soon give it the ability to negotiate offers directly with agents. HomePath for Short Sales, Fannie's Mae's portal for listing agents involved in short sales, now allows agents to contact Fannie Mae sooner in the short-sale process and avert potential problems that could require escalation later on. In February 2013, Fannie Mae launched the portal as a way for agents to communicate directly with the company when they run into problems, such as valuation disputes, servicer delays or uncooperative subordinate lien holders. Agents could also use the site to get a recommended list price before putting a prope...
May 8, 2014 by Bernice Ross
Mar 14, 2014 by Andrea V. Brambila