Did Fannie Mae run afoul of California’s short sale laws?

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That means you cannot use the short sale as a way to get rid your old house in a declining housing market and buy a comparable house for a lower price. Getting an Fannie Mae/Freddie Mac Loan After Short Sale. Waiting periods for a Fannie Mae or Freddie Mac mortgage loan following a short sale vary, depending on the circumstances.

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Get Ready to Rummmbble Over @Fanniemae, @FreddieMac Under California law a broker can pay compensation only to another. Commission Splits, Kickbacks, and Referral Fees. such as Freddie Mac or Fannie Mae..

Many short sale agents have noted that the prices of Fannie Mae short sales and REOs seem to be slightly higher than market value. In fact, even savvy short sale negotiators sometimes have problems with valuation disputes on Fannie Mae short sales. According to the Internet buzz, Fannie Mae would prefer foreclosure over short sale.

Fannie Mae’s charter has historically prevented it from guaranteeing loans with a loan-to-values over 80% without mortgage insurance or a repurchase agreement with the lender; however, in 2006 and 2007 Fannie Mae did purchase subprime and Alt-A loans as investments.

The only advantage to a hafa short sale in California is the $3,000 a seller will receive at closing, but a seller will only receive that money if the seller resides in the property.If you want to do a HAFA short sale, realize the process is different for a Fannie Mae HAFA short sale and a Freddie Mac HAFA short sale over a regular short sale.

Did Bill Dallas shutter most of NewLeaf Wholesale?. Did Fannie Mae run afoul of California’s short sale laws?. FHFA head says Fannie Mae and Freddie Mac can be released without Congressional.

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The federal takeover of Fannie Mae and Freddie Mac was the placing into conservatorship of the government-sponsored enterprises federal national mortgage Association and Federal Home Loan Mortgage Corporation by the U.S. Treasury in September 2008. It was one of the financial events among many in the ongoing subprime mortgage crisis. On September 6, 2008, the director of the Federal.

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http://www.shortsaleandloanmod.info Yuba City Short Sale Agent and Default Advocate Mike Rigley discusses A Recent Nation Star / Fannie Mae Short Sale So her.

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