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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Replies
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
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
Freddie_Mac_Borrower_Help@freddiemac.com