Fannie Mae debuts short-sale tool for agents
Agents to register info on
Homepathforshortsales.com
“We believe this new process will help ensure all parties are in communication early on and are able to come to an agreeable and appropriate sales price. At the end of the day, Fannie Mae wants to get short sales done so that we can prevent foreclosures and help neighborhoods recover,” said Jay Ryan, vice president for real estate sales at Fannie Mae.
On the website, agents also are asked to upload scanned copies of the sales contract, estimated net sheet or HUD-1 settlement statement, and a borrower authorization form.
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