Marshall Carrasco Reno's #1 Short Sell Expert www.renohelp.org. The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to develop strategies to speed up the short sales process in order to help more homeowners avoid foreclosure.

1. Short Sales Gaining On Foreclosures
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2. 1. New rules may speed short sales
Fannie Mae and Freddie Mac will require loan servicers to respond
within 30 days to most requests.
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3. 2. Short sales gaining on foreclosures
The FHFA, which regulates the two enterprises, said mortgage servicers
will have to respond to a short sale offer within 30 calendar days of an
offer, and if it's under review longer than that, weekly updates must be
provided.
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4. 3. New federal rules could speed up short-sale process
Homeowners can expect a response from their bank on a short-sale
offer within 30 business days, with a final decision taking no more than
60 days, if their loan is owned by Fannie Mae or Freddie Mac.
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5. 4. How new short sale rules can help you
New rules intended to make the short sale process faster and easier.
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6. 5. New rules will speed up short sales
The Federal Housing Finance Agency laid out new rules aimed at
speeding up the short sale process, a move that could keep many
homes from falling into foreclosure.
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7. 6. Freddie and Fannie tell banks to speed up short sales
Federal Housing Finance Agency has instructed Fannie Mae and Freddie
Mac to impose new guidelines which should accelerate short sale
decisions.
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8. 7. Soon, those short sales won't take quite so long
Fannie Mae and Freddie Mac want lenders to act within 30 days of
getting a short sale offer.
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9. 8. Feds hope new timeline rules speed up short sales
Starting in June, when you want to do a short sale to shed mortgage
debt and avoid foreclosure, you may not have to wait for months to
hear back from your bank when you submit an offer from a potential
purchaser.
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10. Contact MARSHALL CARRASCO
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9740 S. McCarran Blvd #103, Reno,
NV 89523
Call Us : 775-525-1205
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