This week’s Preforeclosure “Tip of the Week” from PreforeclosureDailyGrind.com’s Bob Lachance and Chris “the Drummer“ Bowes is about how long a Fannie Mae insured short sale “typically” takes from start to finish. In this video we go over a recent deal that we closed with One West Bank that is filled with hidden tips and tricks. Listen in as we cover what to look for when you are accessing a property, the pitfalls of not knowing if your property is a “historical home”, making sure you are correct on your property repair sheet and much more.  Visit www.PreForeclosureDailyGrind.com and www.ShortSaleDailyNews.com for more short sale videos and articles. Please leave your comments and questions so we can address them on future videos!

One Response to “Fannie Mae Short Sales – How Long Do They Really Take?”

1. Iris Fields says:

   January 8, 2010 at 2:07 pm

   Have you ever had an experience were you had a short sale approval from the servicer (BOA) and the investor, (Fannie Mae)and they let it go to foreclosure sale? Well, I just experienced that after working on this short sale for 8 long months. Niether the seller or I was notified. I had the buyer and seller on this deal. I have written to the CEO,CFO & the Liasion at BOA as well as the President of the US and no one has responded. I spoke with 2 different attorneys who said that BOA is in breach of their contract with the seller to close on this short sale. However it would cost thousands to file an injuction and try to get a reversal. Do you have any suggestions?

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