SellingNorthernNV

Fannie Mae has reconfirmed its short sale commission policy with the NAR. On February 24, 009, Fannie Mae sent an announcement to it’s servicers which instructed them not to negotiate commissions on short sales unless the commission exceeds 6%. However, their recent announcement also served as a reminder that other 3rd parties to the transactions that are not Fannie Mae loans may effect the commissions.

Fannie Mae has also established an appeals process for NAR members who have has issues with their commissions on Fannie Mae Short Sales.

Should you have any questions or need further information,
please don’t hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com

Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

Tags: Chase International, commission, Fannie Mae, Nevada, NV, Real Estate, reno, short sale, Talayka, www.sellingnorthernnv.com

This entry was posted by admin on Thursday, December 3rd, 2009 at 10:48 am and is filed under FannieMae, Short Sale & Foreclosures. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.