New Rule Affecting Short Sales Now Active! - Be aware of a new - TopicsExpress

New Rule Affecting Short Sales Now Active! - Be aware of a new rule that affects your business involving short sales. On Aug. 1, a guideline took effect that requires any property being considered for short sale approval to be listed in the multiple listing service (MLS) for five consecutive days, including one weekend, prior to Fannie Mae or Freddie Mac approving a short sale offer. Fannie Mae and Freddie Mac, the Government Sponsored Enterprises (GSEs),issued the a... ow.ly/2yV1Bk

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