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Short Sale’s will get faster with Fannie Mae and Freddie Mac. The Federal Housing Finance agency (FHFA) is the government receiver for Fannie and Freddie. The FHFA announce new short sale guidelines that should speed up the short sale process and increase the success rate for homeowners. To be eligible, a homeowner must have a mortgage whose investor is either Fannie or Freddie. The new guidelines go into effect on November 1, 2012. A very significant change is that homeowners do not need to be past due on their mortgage. But they still must prove a “hardship”. Eligible hardships often include death of a borrower or co-borrower, divorce, disability, or job relocation (such as a job transfer or new employment 50 miles away from their current home). The new FHFA guidelines also permit mortgage servicers to speed up the processing of short sales for borrowers with eligible hardships without needing additional approval from Fannie Mae or Freddie Mac. Other changes include… — Military service members who are being relocated will automatically be eligible for short sales, even if they are current on their mortgages. — Fannie Mae and Freddie Mac will waive the right to pursue deficiency judgments for borrowers who…Read More
HUD Home in Sacramento Overview Maps Photos Market Stats $290,000 Single Family Home Main Features 5 Bedrooms 4 Bathrooms 1 Unit Interior: 3,341 sqft Lot: 0.16 acre(s) Location 3435 Beretania Way Sacramento, CA 95834 USA To get updates on open home dates and other property events, please click the “Like” button below: Our recent listings HUD Home in Sacramento Beautiful Ranchette Home with 19 acres Walk to Historic Downtown Auburn Masterpiece In The Making Build Your Dream Home in Cool, CA Subscribe to our listing feed Nearby properties for saleRead More
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“Frank helped me find a perfect house for me and my family and it was a very simple, easy process. He followed up often, we talked on the phone or via email. He made sure that the underwriter was doing everything on time so we could move in on time.”
“They were super helpful and walked me through purchasing my first home and were always available, always responsive which made what could have been a really intimidating process very easy, pain-free, and smooth. I asked him a ton of really dumb questions because as a first-time buyer I didn’t know what I didn’t know and rather than pointing me to the answer he went the extra mile and got all of the detailed information for me.”
“We were very happy with it. They advised us that we were asking too much and so we lowered it which they didn’t think was enough yet, but we wanted to try it. So we tried it for several months and it didn’t work so we lowered it again and got a bite. They were honest with us and Mary was very personable and she showed us many homes. We are in our eighties and we had some restrictions at the time so they were always very careful to see that they didn’t take me any place that I couldn’t get around. They have become very dear friends.”
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