Thinking of selling your Santa Fe Home short?  Do you a Freddie Mac loan, this is a must read.

Freddie Mac will soon increase incentives paid for completed short sales, according to a spokesman for the government-sponsored enterprise.

Short sales increased dramatically since the crisis struck in 2007. Both Fannie Mae and Freddie Mac completed 112,935 of these transactions in the first three quarters of 2011, up from 107,953 in all of 2010 and nearly double the amount done in 2008 and 2009 combined, according Federal Housing Finance Agency data.

Many agree more can done but a number of stakeholders, including subordinate-lien holders and mortgage insurers, stand in the way. The government’s Home Affordable Foreclosure Alternative especially has struggled since it launched in April 2010.

Read more: http://www.housingwire.com/article/freddie-mac-increase-short-sale-incentives

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