Short Sale Article
There are number of short sale programs from which you can choose. If you choose the wrong short sale program, not only might your short sale get rejected, but you might wish you had never chosen that particular short sale program. It is better to explore your options before starting the short sale. Please keep in mind that some options are not available to you when looking at different types of short sale programs. Learn More!
Short Sale Process
The short sale and short sale process is still a mystery for a huge number of people. A great number of buyer’s agent mess up the process and puzzled buyers are looking for directions and not every short sale listing agent knows how to do a short sale and how to carry the process of short sale? Learn More!
Short Sale Listing
Are you thinking about doing a short sale? If yes, then first you need to list that as a short sale and hire the short sale listing agent. People are always trying to time the real estate market, and it really can’t be done. You need to be strategic when listing a short sale. Listing a home just few days are weeks ago before the sheriff’s sale auction or trustee’s auction is the worst time to list the home as a short sale. Learn More!
How to Do a Fannie Mae HAFA Short Sale
Brief History of Fannie Mae
Fannie Mae and Freddie Mac are two mortgage investors that own almost three out of four mortgages in the United States. Fannie Mae was established by the President Franklin D. Roosevelt and Congress to in 1938 to purchase the mortgages in the secondary market to its public offering in 1968. Fannie Mae soared to record profits before the great mortgage meltdown of 2007. Fannie Mae was placed into government conservatorship in September 2008, under the Federal Housing Finance Agency. Learn More!
How to Do a Freddie Mac HAFA Short Sale
Freddie Mac no longer participates in the HAFA Short Sale Program as of December 31, 2012. Freddie Mac is governed by the Federal Housing Finance Agency. Regulation by the government is the biggest problem attached to the Freddie Mac HAFA short sale. It primary mission to provide liquidity, stability and affordability to the housing market, as defined by the Congress in a 1970 chapter. HAFA is an acronym for Home Affordable Foreclosure Alternatives. Learn More!