March 2009 Archives - Short Sale Fundamentals

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04
Mar

Breaking News! Fannie Mae Says Not to Cut Commissions

Fannie Instructs Its Services Not to Cut Commissions on Short Sales On February 24, 2009, Fannie Mae sent Announcement 09-03 to its servicers instructing them not to negotiate commissions on short sales below the amount negotiated by the listing agent (unless the commission exceeds 6 percent). The requirement took effect March 1ST, 2009. Fannie Mae...

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