Help with Fannie Mae Short Sales & 2nd Liens

Jeremy,

 

Does your MLS offer the Fannie Mae Short Sale Assistance Desk.  If yes, then you may be able to speed up the process.  If the property is backed by a Fannie Mae loan (use the Fannie Mae loan look up tool at http://www.fanniemae.com/loanlookup/ to confirm, and if it meets the eligibility guidelines for submission to Fannie Mae for review (visit https://www.efanniemae.com/is/reprofessionals/pdf/ssadreferenceaid.pdf to review the guidelines),

Then, you should log onto the Assistance Desk on your MLS website, complete the online questionnaire and submit the issue to Fannie Mae for resolution.  This will dramatically cut through the red tape.  If your MLS does not have the Assistance Desk, you may want to encourage them to offer it to their subscribers.  For more information, contact [email protected]

Regards,

 

Gail

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Comment by Jesse Hammond on July 28, 2011 at 11:31am
Yes they all do great work.
Comment by Gail Mitkoff on July 28, 2011 at 11:18am

Jesse,

 

Your MLS has done an amazing job implementing the Fannie Mae Short Sale Desk.  Glad to hear you are using it!   Kudos to Russ Bergeron and his team at MRED for their excellent work.  

Comment by Jesse Hammond on July 28, 2011 at 10:18am

Also if you want your MLS to get SSAD I can get the number of our programmer that has helped design it with fannie mae. 

 

Comment by Jesse Hammond on July 28, 2011 at 10:17am
Our MLS has it and it is great. It works like a charm.

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