SlideShare a Scribd company logo
1 of 9
FHFA Speeds Up Short Sale Process




             Ty Leon-Guerrero
                                 www.team1realty.com
             Call : 800-533-7107
The Federal Housing Finance Agency (FHFA) is directing Fannie Mae and
Freddie Mac to streamline their short sale processes and timelines in
order to help more homeowners avoid foreclosure.




                           Ty Leon-Guerrero
                                               www.team1realty.com
                           Call : 800-533-7107
“   I believe the new rules will significantly improve and
    speed up the short sale process.
                                      ”




                        Ty Leon-Guerrero
                                            www.team1realty.com
                        Call : 800-533-7107
“FHFA and the Enterprises are committed to enhancing the short sales
and deeds-in-lieu process as additional tools to prevent foreclosure,
keep homes occupied and help maintain stable communities,” said
FHFA Acting Director Edward J. DeMarco. “These timeline and borrower
communication announcements set minimum standards and provide
clear expectations regarding these important foreclosure alternatives.”




                            Ty Leon-Guerrero
                                                www.team1realty.com
                            Call : 800-533-7107
The effort will come in stages with the first taking place this June.
Starting June, mortgage servicers must review and respond to requests
for short sales within 30 days.




                            Ty Leon-Guerrero
                                                www.team1realty.com
                            Call : 800-533-7107
According to the FHFA new release dated 17th April 2012 - servicers will
be required to do the following:
Review and respond to requests for short sales within 30 calendar days
from receipt of a short sale offer and a complete borrower response
package; provide weekly status updates to the borrower if the short sale
offer is still under review after 30 calendar days; make and communicate
final decisions to the borrower within 60 calendar days of receipt of the
offer and complete borrower response package.




                              Ty Leon-Guerrero
                                                  www.team1realty.com
                              Call : 800-533-7107
• A short sale may be a good option for distressed property owners.
• A short sale is the sale of a home in which the amount owed to the
 lender(s) is more than the amount that the home can be sold for.




                            Ty Leon-Guerrero
                                                www.team1realty.com
                            Call : 800-533-7107
Instead of the home owner having to bring in money to complete the
sale, the sale is completed through negotiations with the existing
lender(s) and the lender(s) agree to accept less than the full amount
owed to satisfy the debt and allow it to be paid off “short.”




                            Ty Leon-Guerrero
                                                www.team1realty.com
                            Call : 800-533-7107
Contact Ty Leon-Guerrero


                                   Twitter


                                  Facebook


                                  LinkedIn




  Alameda, Contra Costa, Sonoma, Solano, Napa Counties
                   Fairfield, CA 94533

                    Call Us : 800-533-7107


                    www.team1realty.com

More Related Content

Recently uploaded

Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCRCall Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
asmaqueen5
 
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In DelhiLow Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
asmaqueen5
 
9990771857 Call Girls in Dwarka Sector 3 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 3 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 3 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 3 Delhi (Call Girls) Delhi
delhimodel235
 
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
soniya singh
 
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
delhimodel235
 
Call Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In Delhi
Call Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In DelhiCall Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In Delhi
Call Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In Delhi
asmaqueen5
 
call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️
call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️
call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️
soniya singh
 

Recently uploaded (20)

BDSM⚡Call Girls in Sector 57 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 57 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 57 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 57 Noida Escorts >༒8448380779 Escort Service
 
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCRCall Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
 
Purva Soukhyam in Guduvancheri Chennai.pdf
Purva Soukhyam in Guduvancheri Chennai.pdfPurva Soukhyam in Guduvancheri Chennai.pdf
Purva Soukhyam in Guduvancheri Chennai.pdf
 
Shapoorji Pallonji Joyville Vista Pune | Spend Your Family Time Together
Shapoorji Pallonji Joyville Vista Pune | Spend Your Family Time TogetherShapoorji Pallonji Joyville Vista Pune | Spend Your Family Time Together
Shapoorji Pallonji Joyville Vista Pune | Spend Your Family Time Together
 
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In DelhiLow Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
 
SVN Live 5.6.24 Weekly Property Broadcast
SVN Live 5.6.24 Weekly Property BroadcastSVN Live 5.6.24 Weekly Property Broadcast
SVN Live 5.6.24 Weekly Property Broadcast
 
9990771857 Call Girls in Dwarka Sector 3 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 3 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 3 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 3 Delhi (Call Girls) Delhi
 
2k Shot Call girls Aiims Delhi 9205541914
2k Shot Call girls Aiims Delhi 92055419142k Shot Call girls Aiims Delhi 9205541914
2k Shot Call girls Aiims Delhi 9205541914
 
M3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
M3M The Line Brochure - Premium Investment Opportunity for Commercial VenturesM3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
M3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
 
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
 
M3M 129 E Brochure Noida Expressway, Sector 129, Noida
M3M 129 E Brochure Noida Expressway, Sector 129, NoidaM3M 129 E Brochure Noida Expressway, Sector 129, Noida
M3M 129 E Brochure Noida Expressway, Sector 129, Noida
 
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
 
Call Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In Delhi
Call Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In DelhiCall Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In Delhi
Call Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In Delhi
 
Kohinoor Hinjewadi Phase 2 Pune E-Brochure.pdf
Kohinoor Hinjewadi Phase 2 Pune  E-Brochure.pdfKohinoor Hinjewadi Phase 2 Pune  E-Brochure.pdf
Kohinoor Hinjewadi Phase 2 Pune E-Brochure.pdf
 
call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️
call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️
call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️
 
Premium Villa Projects in Sarjapur Road Bengaluru
Premium Villa Projects in Sarjapur Road BengaluruPremium Villa Projects in Sarjapur Road Bengaluru
Premium Villa Projects in Sarjapur Road Bengaluru
 
Magarpatta Nova Elegance Mundhwa Pune E-Brochure.pdf
Magarpatta Nova Elegance Mundhwa Pune  E-Brochure.pdfMagarpatta Nova Elegance Mundhwa Pune  E-Brochure.pdf
Magarpatta Nova Elegance Mundhwa Pune E-Brochure.pdf
 
2k Shot Call girls Karol Bagh Delhi 9205541914
2k Shot Call girls Karol Bagh Delhi 92055419142k Shot Call girls Karol Bagh Delhi 9205541914
2k Shot Call girls Karol Bagh Delhi 9205541914
 
Kohinoor Flats In Hinjewadi Phase 2 | Homes Built To Suit Your Needs
Kohinoor Flats In Hinjewadi Phase 2 | Homes Built To Suit Your NeedsKohinoor Flats In Hinjewadi Phase 2 | Homes Built To Suit Your Needs
Kohinoor Flats In Hinjewadi Phase 2 | Homes Built To Suit Your Needs
 
Mahindra Happinest Tathawade Pune Brochure.pdf
Mahindra Happinest Tathawade Pune Brochure.pdfMahindra Happinest Tathawade Pune Brochure.pdf
Mahindra Happinest Tathawade Pune Brochure.pdf
 

Featured

Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Kurio // The Social Media Age(ncy)
 
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them wellGood Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Saba Software
 
Introduction to C Programming Language
Introduction to C Programming LanguageIntroduction to C Programming Language
Introduction to C Programming Language
Simplilearn
 

Featured (20)

How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work
 
ChatGPT webinar slides
ChatGPT webinar slidesChatGPT webinar slides
ChatGPT webinar slides
 
More than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike RoutesMore than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike Routes
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
 
Barbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationBarbie - Brand Strategy Presentation
Barbie - Brand Strategy Presentation
 
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them wellGood Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
 
Introduction to C Programming Language
Introduction to C Programming LanguageIntroduction to C Programming Language
Introduction to C Programming Language
 

FHFA Speeds Up Short Sale Process Ty Leon Guerrero of Team1Realty Fairfield CA

  • 1. FHFA Speeds Up Short Sale Process Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 2. The Federal Housing Finance Agency (FHFA) is directing Fannie Mae and Freddie Mac to streamline their short sale processes and timelines in order to help more homeowners avoid foreclosure. Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 3. I believe the new rules will significantly improve and speed up the short sale process. ” Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 4. “FHFA and the Enterprises are committed to enhancing the short sales and deeds-in-lieu process as additional tools to prevent foreclosure, keep homes occupied and help maintain stable communities,” said FHFA Acting Director Edward J. DeMarco. “These timeline and borrower communication announcements set minimum standards and provide clear expectations regarding these important foreclosure alternatives.” Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 5. The effort will come in stages with the first taking place this June. Starting June, mortgage servicers must review and respond to requests for short sales within 30 days. Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 6. According to the FHFA new release dated 17th April 2012 - servicers will be required to do the following: Review and respond to requests for short sales within 30 calendar days from receipt of a short sale offer and a complete borrower response package; provide weekly status updates to the borrower if the short sale offer is still under review after 30 calendar days; make and communicate final decisions to the borrower within 60 calendar days of receipt of the offer and complete borrower response package. Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 7. • A short sale may be a good option for distressed property owners. • A short sale is the sale of a home in which the amount owed to the lender(s) is more than the amount that the home can be sold for. Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 8. Instead of the home owner having to bring in money to complete the sale, the sale is completed through negotiations with the existing lender(s) and the lender(s) agree to accept less than the full amount owed to satisfy the debt and allow it to be paid off “short.” Ty Leon-Guerrero www.team1realty.com Call : 800-533-7107
  • 9. Contact Ty Leon-Guerrero Twitter Facebook LinkedIn Alameda, Contra Costa, Sonoma, Solano, Napa Counties Fairfield, CA 94533 Call Us : 800-533-7107 www.team1realty.com