Will new Short Sale Guidelines be applied to 'in process' Short Sale Applications?

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?

0 members like this

Comment

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

Comment by Kevin - Greenville, SC on November 2, 2012 at 5:03pm: 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.

RSS

Welcome to
Short Sale Superstars

Sign Up
or Sign In

Or sign in with:

Members

View All

Badges | Report an Issue | Terms of Service

Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.