Fannie, Freddie Talk Valuations and Expedited Short Sales

With short sales continuing to represent a substantial portion of the real estate market, Fannie Mae and Freddie Mac have implemented policies to expedite short sales and reviewed how appraisals factor into its process, the National Association of Realtors reported May 15.

NAR reported that 9 percent of real estate transactions in the first quarter of 2013 were short sales.

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