Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales

fnma-svc-a4-2-1-03

Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales.

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source:
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  authority: Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales
  description: Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales.
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    section: Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales
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      authority: Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales
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      paragraph_quote: '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. Recent Related Announcements There are no recently issued Announcements related to this topic.'

Verbatim regulatory text (1)

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. Recent Related Announcements There are no recently issued Announcements related to this topic.

Source: Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales · source URL · snapshot cf63a82bbb4adfba