Attorneys At Law

Attorneys practicing in and around the Chicagoland area. Experienced in the practice areas of Real Estate Law, Mortgage Foreclosure Defense Litigation, Social Security Disability, Business Law, & Estate Law.

Attorneys At Law - Attorneys practicing in and around the Chicagoland area. Experienced in the practice areas of Real Estate Law, Mortgage Foreclosure Defense Litigation, Social Security Disability, Business Law, & Estate Law.

Fannie Mae Announces A Great Marketing List Price Guidance Tool That Can Help Your Clients

How to Request List Price Guidance

Fannie Mae announces the expansion of the HomePath® for Short Sales website a communication tool created to help real estate professionals efficiently complete short sales and resolve challenges directly with Fannie Mae.  The website’s new functionality allows listing agents to request list price guidance directly from Fannie Mae prior to listing their client’s property.
How to Request List Price Guidance

  1. Use the Loan Lookup  to determine if Fannie Mae owes your client’s loan
  2. Have the homeowner complete and sign the Fannie Mae Homeowner Authorization form before starting the process of determining a Homeowner’s Eligibility
  3. Contact the servicer to determine a homeowner’s eligibility, in most cases a Borrower Response Package will be required. Click here to view a helpful job aid
  4. Once a homeowner’s eligibility has been determined, register  as a listing agent in the HomePath Short Sale portal
  5. Log into the portal and submit your list price guidance request directly from Fannie Mae.

Resources
Click here to access helpful training materials on the list price guidance request process.

Questions
If you have any questions about the HomePath Short Sale Portal’s functionality please call 1-866-894-0205. If your question or issue does not relate to the HomePath Short Sale Portal, you will be directed to the Fannie Mae resource center 1-800-7Fannie or to the Fannie Mae Short Sale escalation desk.

Category: Legal News