Short Sale Approval and Valuation Issues Continue to Impact Housing Market
[1]Both Fannie Mae and Freddie Mac have implemented policies to expedite the short sales process, including new resources to help determine property values, according to panelists at a property valuation forum during the REALTORS® Midyear Legislative Meetings & Trade Expo [2].
Short sales continue to represent a significant portion of the real estate market. According to the National Association of REALTORS® short sales accounted for 9 percent of transactions during the first quarter of 2013.
The short sale process can be frustrating for home buyers, sellers and REALTORS® given that approvals are often complex,
The short sale process can be frustrating for home buyers, sellers and REALTORS® given that approvals are often complex,
