All too often we come across agents who haven’t taken the time to find out if the buyers they’re working with even qualify for a loan! It’s really important to know where your buyer stands with the loan before they select a house and are ready to submit an offer. At this point, if the buyer […]
Tag: qualifications
Guess Who Is Betting Big On Short Sales? The Government!!
Earlier this week, the FHFA (Federal Housing Finance Agency) managed to get a set of new “short sale guidelines” passed by Fannie Mae, Freddie Mac, and the Mortgage Insurers with which they work. While this is great news on the surface, what does it really mean to distressed homeowners?