I'm a buyer who has been waiting PATIENTLY for the lender, the servicer and now Freddie Mac to approve the short sale. I've been waiting since early August and have been told by the listing agent that we're only about a week away from a final approval. Does anyone know if Freddie Mac will apply the new guidelines to short sale applications already in progress?
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Does anyone know if Freddie Mac will apply the new guidelines to short sale applications already in progress? - It is my understanding that only new files will be processed under the new Guidelines.