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).

This entry was posted in Consumer Information, Uncategorized by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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