Short Sales: Minimum 5 days in
MLS, Fannie, Freddie SayAny property being
considered for short sale approval must be listed on the multiple listing
service (MLS) for five consecutive days, including one weekend, prior to Fannie
Mae or Freddie Mac approving the offer, the two companies say in changes
to their short sale guidelines. Both companies will require submission of
printed copies of the property's MLS listings in the geographic area in which
the property is located. The changes take effect Aug. 1. For more info contact
Charles
Dawson, 202/383-7522.
