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Short Sale Approval and Valuation Issues Continue to Impact Housing Market

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WASHINGTON (May 15, 2013) – Both Fannie Mae and Freddie Mac have implemented policies to expedite the short sales process, including new resources to help determine property values, according to panelists at a property valuation forum during the Realtors® Midyear Legislative Meetings & Trade Expo here.

Short sales continue to represent a significant portion of the real estate market. According to the National Association of Realtors®, short sales accounted for 9 percent of transactions during… Read More

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