Fannie Mae Introduces New Tool to Streamline Short Sales Process

As a follow up to NAR's ongoing discussions with Fannie Mae regarding short sales, Fannie Mae has introduced a new optional tool to help real estate professionals successfully close the short sales process. Listing agents can now register accepted short sales offers with Fannie Mae to provide greater transparency into the process and allow Fannie Mae to proactively work with the mortgage services to finalize the sale.

Through Fannie Mae's website, real estate agents can provide short sale offer information such as the property address, MLS listing information, offer details and subordinate lien information.

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