Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales
Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales.
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Verbatim provisions from Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales
A4-2.1-03, Managing Short Sales (06/21/2017) All properties being considered for a short sale must be listed on the applicable MLS that covers the geographic area in which the property is located for a minimum of five consecutive calendar days, including one weekend (i.e., Saturday and Sunday), prior to the servicer submitting the short sale recommendation to Fannie Mae for review. Note: If the geographic area in which the property is located is not covered by MLS, the property must be advertised in a manner customary for that real estate market. A printed copy of the property listing must be kept in the mortgage loan servicing file.
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Source of record: https://claudeforcompliance.com/regs/fnma-svc-a4-2-1-03/
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