Patrick Schutte
REALTOR®, CBR, e-PRO
Certifed Foreclosure
Specialist

Cell: 928-710-1717
Fax: 866-784-1717

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New Fannie Mae Rule prohibits banks from lowering commissions during preforeclosure short sales

On Tuesday, February 22nd, 2009, Fannie Mae released an announcement with updates to the Servicing Guide used by banks in the U.S.  One of the sections that will impact REO agents nationwide is the prohibition of banks making the sale of a short sale conditional upon the lowering of commissions. You’ve probably seen the following [...]