Patrick Schutte
Certifed Foreclosure

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 [...]

FAQ on Short Sales from the AAR and Michelle Lind

This article was written by Michelle Lind to address the rising number of short sales occuring in Arizona and to help brokers and agent deal with some of the issues involved. The increase in the number of short sales has resulted in many questions pertaining to the unique nature of these transactions. Many of these [...]