Morning Minute: Avoiding common short sale missteps

A new survey by the National Association of Exclusive Buyer Agents (NAEBA) outlines 51 mistakes or hurdles that can slow down the short sale process including lenders changing the rules for a short sale or sellers not being meticulous enough in providing documentation.  Read more in today’s Chicago Tribune.

In other news:

Freddie Mac reports 30-year, fixed rate mortgages falls to 3.62%. (Wall Street Journal)

New Consumer Financial Protection Bureau report urges caution on reverse mortgages. (Chicago Tribune).

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