Fannie Mae to upgrade short sale process

Fort Lauderdale Short Sales

The government agency that purchases loans from lenders, Fannie Mae, has upgraded their short sale process. The upgrade to Homepath aims to increase the time it takes for short sale approval.  The upgrade includes a better communication with the parties involved and can assist in transaction shortcomings such as valuation errors.  This will hopefully engage more buyers in the Ft Lauderdale market to buy a short sale property if they know the time periods for approval are shorter.