The Realtors Property Resource (RPR) announced this week that it has formed a Strategic Alliance Partnership with Fannie Mae to focus on making the short sale approval process more efficient, benefiting both REALTORS® and consumers.
RPR is a parcel-centric information database of properties around the country that is an exclusive benefit for the more than 1 million members of the National Association of REALTORS®.
Under the partnership with Fannie Mae, there will be an expansion of the bank-owned foreclosure listing information available to REALTORS® through RPR along with the delivery of new and specialized training options. RPR CEO Dale Ross outlines the details of what the partnership means in a blog post, “RPR Announces Strategic Alliance with Fannie Mae.”
“The overall strategy is designed to assist in reducing the time for REALTORS® to bring distressed properties to market, as well in a reduction in the time it takes to close the sale of these properties,” said Ross.
Thank you RPR. The banking industry has resisted addressing short sale processing. It is about time someone addressed this issue. Maybe now we can work on the log-jam of short sales and get them sold in a normal time frame. That should help to stablize property values.
Wow! So good to hear that the banks understand how much money they are leaving on the table just because of the short sale process!!!