This is HUGE!!!
Submitting a Contract
Fannie Mae announces the expansion of the HomePath® for Short Sales website, a communication tool created to help real estate professionals efficiently complete short sales and resolve challenges directly with Fannie Mae. Listing Agents are able to submit a contract into the HomePath Short Sale Portal, negotiate, and receive first lien approval directly from Fannie Mae. Visit HomePath® for Short Sales website to view the list of participating servicers - (currently, Seterus is the only participating servicer - more servicers will be brought on during the course of the year).
To begin the process, use the Loan Lookup tool to determine if Fannie Mae owes your client's loan. If the loan is owned by Fannie Mae, have the homeowner complete and sign the Fannie Mae Homeowner Authorization form and contact the servicer to determine the homeowner's eligibility. Once the homeowner's eligibility has been determined, register as a listing agent in the HomePath Short Sale portal.
How to Submit a Contract trough the HomePath Short Sale Portal
For any technical support questions about the HomePath Short Sale Portal's functionality, please call 1-866-894-0205. If your question or issue does not relate to the functionality of the HomePath Short Sale Portal, you will be directed to the Fannie Mae resource center 1-800-7Fannie or to the Fannie Mae Short Sale escalation desk.