Some Good “Short Sale News” for Investors

It appears the the GSE's, Fannie Mae and Freddy Mac, are finally heading in the right direction.  I'm not sure how much it's going to help a homeowner, unless they've found the home of their dream and are willing to wait up to 60 days for a lender to make a decision but it's certainly better news for us investors.

As you can see in a statement from Federal Housing Finance Agency;

"Addressing real estate practitioners’ No. 1 complaint about short sales, FHFA directed Fannie Mae and Freddie Mac to establish a new uniform set of minimum response times that servicers must follow in order to facilitate more efficient short sale transactions."  read the entire article here at DSNews.

This means we'll be able to submit more offers without fear. There is nothing more frustrating than having capital sidelined waiting for some banker to make up their mind.  Let's hope they continue to tighten up the process. Don