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Short Sales

Information on short sales and their challenges, the government's efforts to address these challenges, and tools to help you navigate the short sale process.

5 Quick Takeaways: National Mortgage Settlement

Here are five initial takeaways from the $25 billion dollar national mortgage settlement that will impact real estate transactions.

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FHA Preforeclosure Webinar Series for REALTORS®
FHFA Announces New Short Sale Directive
Realtors® Praise FHFA for Issuing Short Sale Approval Guidance
Freddie Mac Amends Short Sale Affidavit Policy
Bank of America Implements Short Sales Change
Background: MARS Rule

HAFA Information

Home Affordable Foreclosure Alternatives Program (HAFA)

HAFA FAQ

HAFA Guidelines: Key Differences in Non-GSE, Fannie Mae, and Freddie Mac Mortgages

HAFA Commission Policies

HAFA Escalation Process

HAFA Webinars & Presentations

Short Sales Commission Policies

HAFA Commissions Policies (PDF 319K) (Sept. 10)

Freddie Mac Short Sales Commission Policy (PDF 128K)  (Oct. 27)

Fannie Mae Short Sales Commissions Policy and Appeals Process (PDF 299K) (Oct. 27)

NAR Takes Action

Issue Summary

Large Lender Meetings Summary: Originations and Servicing Issues (PDF: 125K)

NAR Letters to Federal Agencies

NAR Testimonies