Fraud Prevention and the MLS: New Fannie Mae Rule Regarding Short Sales

As of August 1, 2013, all properties being considered for a standard short sale/HAFA II must be listed on an active status with the MLS for at least 5 consecutive days – including one weekend.

Further, the property must be listed with the MLS that covers the geographic area in which the property is located. A hard copy of the MLS listing must be maintained by the broker.

SEE Announcement SVC-2012-10, Standard Short Sale/HAFA II and Deed-in-Lieu of Foreclosure Requirements.

For further information about avoiding short sale fraud visit:

FreddieMac.com/singlefamily/preventfraud/toolkit.html

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