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Freddie Mac Standard Short Sale FAQs
FreddieMac Short Payof Overview.pdf
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https://ww3.freddiemac.com/corporate/
Freddie Mac Seller / Servicer Guide:
lLook at CH 64 - 69 Servicing Non-Performing Mortgages>
http://www.freddiemac.com/sell/guide/ Click on the Allregs Link
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Contact Info
Freddie Mac Borrower Outreach 877.518.8429
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Freddie Mac Investor Guidelines Info
Started by Ashley Den Uyl Sep 28, 2015. 0 Replies 0 Likes
I have a buyer doing an RD loan on one of my short sales and is asking for roughly 4% closing cost to be paid by the seller. Does Freddie Mac allow more than 3% seller concessions with an RD loan?Continue
Started by Ashley Den Uyl Sep 28, 2015. 0 Replies 0 Likes
I have a buyer doing an RD loan on one of my short sales and is asking for roughly 4% closing cost to be paid by the seller. Does Freddie Mac allow more than 3% seller concessions with an RD loan?Continue
Started by johnna lodge. Last reply by Kevin - Greenville, SC Aug 3, 2015. 2 Replies 0 Likes
Hi All,I know FHA provides seller contributions at closing for owner occupied sellers.Does freddie mac provide owner occupied contributions for owner occupied properties still?thanks,JohnnaContinue
Started by L Brown. Last reply by L Brown Feb 12, 2015. 2 Replies 0 Likes
We're initiating a short sale with Plaza Home Mortgage and were surprised how quickly they filed a Notice of Sale after the loan mod failed. They are quoting 23 days to auction.This is a Freddie Mac…Continue
Comment
NEED SOME ADVICE . . . We sent a short sale package into Chase for a Freddie Mac HAFA short sale. Somewhere along the line it was switched over to a regular short sale and now we have an approval but they are reserving the right to pursue a deficiency. When I called and asked why it was not approved as a HAFA short sale I was told the investor is not participating in HAFA at this time? The investor is Freddie Mac and they have their own HAFA program . . . how can they tell me they do not participate in the program they designed for themselves? Am I getting the run around from Chase or from Freddie Mac? Does anybody know what the chances are that Freddie Mac will pursue deficiencies after closing when it is a primary home?
Smitty - they are asking for 91% of the balance on the loan which is higher than anything comp that has sold recently
Kevin - 89% of the net BPO sounds high also - this is only $150k or so.
Isaac,
No, I have not, and personally I don't think they can make that type of promise. Your client needs a qualified attorney representing them at this point in time in my opinion.
I need HELP bank of america just sold my sellers property at the auction on 3/23/2011, the new owner posted a notice on the sellers door giving them 3 days to vacate the property ... WE ARE/were in the HAFA short sale program with bank of americas 3rd party AMS .... We are in CA and never once was a notice of trustee sale ever posted on sellers door or mailed to them I have been dealing with LRC and AMS for months now and have a signed ARASS form dated on 1/12/11... What do we do what are my options I have never encountered this before...every call I have every made to AMS no sale date was ever mentioned or brought up , my file was placed in equator on 3/22/2011 you would figure the agent from AMS who put me in the equator system would of mentioned something!!! please help.......... [email protected]
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