Freddie Mac escalation?

Help, please.  I think it's time to escalate a Freddie Mac short sale.  Who do I contact?  I'm working with a Dedicated Freddie Mac Specialist at US Bank who got the first SS approval done within 72 hours, but boo hoo, the buyer lost his financing.  I submitted another offer from a new buyer which was w/in a few thousand of the original approved offer.  This same specialist has had the offer for a couple of weeks, and says that the investor will need another couple of weeks to review.  I don't have that kind of time--the property is scheduled for foreclosure in 11 days, and he is aware of that.

Suggestions please. Thanks much.

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Permalink Reply by Bryant Tutas on May 31, 2012 at 12:55am

Hi Katie. Having the short sale approved will not necessarily stop the foreclosure. Especially this close to the sale date. I highly suggest the seller hire an attorney to get the foreclosure postponed. If they don't they may very well be foreclosed on.

I would escalate to the lender first. Find that lender group here on the site and there is probably escalation info for you.

Freddie can be contacted:

Contact Info

Freddie Mac Borrower Outreach 877.518.8429
Freddie Mac: 800- FREDDIE press 0

[email protected]

Permalink Reply by Jill Rother on May 20, 2014 at 9:34am

Katie, how did the contact information work out for you for Freddie Mac?  Have you worked with them recently?

Jill Rother

Keller Williams Realty East Valley

Phoenix, AZ

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