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Michelle Allen's Blog

By Michelle Allen | Agent in North Andover, MA
  • Fannie Mae, Hello? I know you are there!!

    Posted Under: General Area in Haverhill, Home Buying in Haverhill, Financing in Haverhill  |  April 3, 2011 6:14 PM  |  366 views  |  No comments

    I have always heard that short sales can take a long time and I understood that, but as I go through my first short sale, man am I feeling it. There are so many short sales right now on the market that it is making it tough. All of my buyers, except for one, don't have time to go through it.  

    I read an article about how California and Arizona have teamed up with Fannie Mae to speed up the approval time and they have had great results from it. Wouldn't it be nice to have a Fannie Mae Assistance Desk that drastically cut the approval time? If they could speed up the process we could move these properties so much faster.

    I e-mailed the North Shore and the MA Associations to see if we are headed in the same direction. I looked everywhere to see if we have one and if we do it is well hidden. Does anyone know if we are heading in that direction? Maybe we are already there and it just hasn't caught on yet.  It would be great to make short sales more of an option for buyers and not only that we wouldn't have as many vacant homes sitting there detriorating.
 
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