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Help with Fannie Mae Short Sales & 2nd Liens

Posted by Gail Mitkoff on July 26, 2011 at 3:18pm

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 ssad_information@fanniemae.com

Regards,

 

Gail

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Comments

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

  • Jesse Hammond 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. 

     

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