Has any one seen any article about Fannie Mae and Freddie Mac the steps they are taking to prevent the increase of foreclosures.
I understand that with this knowledge we will be able to assist the Seller, Bank, Buyer, and ourselves regarding the foreclosure Short Sale process.
It speaks of Freddie’s new incentives to pay loan servicers $800 for modifying the terms of a mortgage to avoid foreclosure.
They also agreed to raise the amount it pays servicers for arranging short sales – in which a lender accepts less than the full amount owed on the loan when a home is sold – to $2,200.
Is their anyone on this forum who knows what benefit there is for investors.