At the Law Office of Jeanne Reardon, the health and safety of our staff and clients is our top priority. Since you
rely on us for your legal needs, we remain
ready to help you in this difficult time as we face many health and financial challenges. Accordingly, we are taking a number of steps to minimize health risks during this health crises while serving our current clients as well as new clients coming on board.
law firm will be adhering to the guidelines presented by the Centers
for Disease Control and our local health officials, and we continue to
monitor them for updates as they are released.
On January 18, 2013, Fannie Mae and Freddie Mac announced changes to their servicing
requirements for short sales. Please see below for some key changes that
all parties involved in a short sale should be aware of. These changes
to all Fannie Mae and Freddie Mac short sales; with an offer and
without an offer.
Title Transfer requirement change:
- The buyer is prohibited from selling the property for any sales price for a period of 30 days from the date of the
- After a 30 day period, and until 90 days from the date of the deed
the buyer is further prohibited from selling the property for a sales
price greater than 120% of the short sale price.