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Short-Sales to Become Shorter

By Mike in with 0 Comments

Starting June 15, new guidelines for Fannie Mae and Freddie Mac in regards to the short-sale process will be in effect. The Federal Housing Finance Agency is requiring the mortgage giants to send out a final decision within 60 days. The article Short-Sale Process Expected to Speed Up in June published in Realtor Magazine is also reporting that they have 30 days to respond to offers received.