The FHFA, the Federal Housing Finance Agency if you're nasty, has issued new guidelines requiring servicers of Fanny Mae and Freddie Mac loans to greatly speed their responses to short sale requests. Everyone's heard the short sale horror stories where a buyer had to wait a year or more to close on a short sale. Realtors and industry insiders have their own war stories about the inability to get so much as a written respon…
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big box-i-fi-ca-tion
verb
1) The act of changing something, a service or product, into a big box store version (ie. Costco, Best Buy, etc.)
2) The act of offering something, a service or product, for mass consumption while removing important levels of service, personal relationships, personal ownership and accountability.
3) SMH
Alright, you caught me. I created the term "Big Boxification", but don't you think it's fi…
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It's really rare for me to link to another article, but this one is pretty good. Buyers, be ready, houses are moving quickly. Multiple offers are back on the scene.
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