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Realtors® Applaud FHFA for Expanding Short Sale Eligibility to Help More Struggling Homeowners

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WASHINGTON (August 21, 2012) – The National Association of Realtors® applauds the Federal Housing Finance Agency for working with Fannie Mae and Freddie Mac to issue new guidelines that expand eligibility criteria and streamline the short sale process.

The new guidelines would offer a more streamlined short sale approach for homeowners most in need, as well as enable lenders to quickly and easily qualify certain homeowners for a short sale who are current on their mortgage payments, yet suffer from specific hardships such as job relocation, increase in housing expenses,… Read More

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