Freddie Mac

Late Breaking News for Short Sale Sellers in 2012

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If you are considering working the short sale market and listing short sales, 2012 may be the year for you. First off, the Mortgage Forgiveness Debt Relief Act of 2007, which protects certain short sale sellers from tax liability, is set to expire at the end of the year. The Treasury has amended the HAFA [...]

April 23, 2012 5 comments CONTINUE READING THIS POST →

Freddie Mac Alerts Agents to Short Sale Fraud

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Short sales are being used more often in order to avoid foreclosure as evidenced by the RealtyTrac report that came out this past week which shows that there was a 19% increase in pre-foreclosure transactions in the second quarter of 2011. Freddie Mac says its short sales have risen from about 4 percent of completed [...]

September 1, 2011 5 comments CONTINUE READING THIS POST →

Fannie Mae and Freddie Mac Suspend Foreclosure Evictions During Holiday Season

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It’s that time of year again—the holiday season. And, with the holiday season comes some kindness from Fannie Mae and Freddie Mac. Just as they did in 2009, Fannie Mae will suspend foreclosure evictions from December 20, 2010 through January 3, 2011. As reported by HousingWire, this government-sponsored enterprise routinely halts the foreclosure process during the [...]

December 13, 2010 0 comments CONTINUE READING THIS POST →

HAFA Short Sale Program with Freddie Mac – Latest News

HAFA Short Sale Program with Freddie Mac – Latest News The (HAFA) Home Affordable Foreclosure Alternatives Short Sale Program is a program that came out through our U.S. Government and was originally noted in the American Recovery and Reinvestment Act, the ‘stimulus’ package that was all over the news in March, 2009. However, while the [...]

September 18, 2010 2 comments CONTINUE READING THIS POST →

Short Payoff Fraud According to Freddie Mac

I received a few emails today with regard to what seems to be an update to the Freddie Mac website. More specifically, Freddie Mac has updated one page of their website which discusses what they call Short Payoff Fraud. I reviewed the site, and am not surprised by either their definitions or their solutions. In [...]

April 19, 2010 2 comments CONTINUE READING THIS POST →