In what appears to be an effort to curb investors from taking advantage of distressed homeowners short selling their homes, Fannie Mae and Freddie Mac announced changes to their servicing requirements for short sales. The most notable change is the addition of a deed restriction which prohibits the buyer of a short sale from selling […]
Headlines in Real Estate for week ending October 19th 2012
This week in real estate: Home prices rise while number of homes sold falls, real estate investors find favor in flipping houses & the housing recovery moving faster than expected. Here are the headlines in real estate you may have missed this week: California home prices rise in September; sales fall (via Mercury News) A continued shortage […]