MLS 5 day Rule

I have just had a contract declined, as the "buyer's signature was dated prior to the 5 day GSE MLS requirement. The seller(borrower)  executed the contract Day 5. Servicer is saying Buyer's signature must be at least 5 days also. The Florida sales Contact Sets and effective date (Freddie Loan). Freddie bulletin Does not mention "buyer"s date.   .

Any input?

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Replies

  • I've seen this happen a few times. all dates need to be out 5 business days and a weekend. If you make the corrections will they accept the buyer or did they flag them?

    Brett@ishortsalenow.com

    310-564-6389

    www.ishortsalenow.com

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