Short sales expected to speed up soon in Pensacola, Pace and Gulf Breeze
Starting June 15, Fannie, Freddie are supposed to give buyers of short sales notice of final decision in 60 days. Read more.
McHugh says that a faster short-sale process may be particularly helpful in speeding the recovery in judicial states, where foreclosures must go through the courts before they are approved. Now short sales may be viewed by defaulting homeowners as more of an option if they want to avoid foreclosure.
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