The Real Estate Encyclopedia
Fannie Mae tests short sales as alternative to foreclosures
Category - Mortgage Questions - Foreclosure & REO FAQ's
SHORT SALES

Fannie Mae has launched pilot projects in Orlando and Phoenix intended to reduce foreclosures by pre-approving short sales - agreeing on a price and the loss the bank will take prior to a deal being made.

Read the full story:

http://www.floridarealtors.org/NewsAndEvents/n2-010909.cfm

 
Category(s)
Mortgage Questions - Foreclosure & REO FAQ's
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