Freddie Mac to speed short sales

01/23/2013 | Housing Wire

The government-sponsored entity Freddie Mac is taking steps to cut the time needed to complete a short sale, in an effort to encourage more short sales versus foreclosures. "We estimate that the time to complete a short sale will decrease by approximately 50% to 75%" as a result of the changes, Freddie Mac executive Tracy Mooney wrote in a blog post.

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