Friday, May 25, 2012
Fannie and Freddie starting June 15th will have to make a short sale decision within 60 days and although this may speed up some inventory movement people are still losing their houses. These banks and servicer's are still choosing foreclosure and short sale over working with the homeowner. In some cases this probably makes sense, in others it absolutely does not. I truly wonder where all the billions promised to help homeowners has disappeared to.