The article below from Inman News is quite promising.  Anybody who has dealt with short sales is fully aware of how long and tedious the process can be.  Fannie Mae appears to be making an effort towards expediting this process.  They have implemented a Short Sale Assistance Desk program.  The Sunnyvale California CAR MLS has just implemented this listing service.  My hopes is that this could be implemented in our South Central Wisconsin MLS system soon.

Michael Collins, SFR

By Inman News
Inman News™

WI Short SalesSunnyvale, Calif.-based MLSListings Inc. is the first multiple listings service in California to implement a short-sale assistance program from Fannie Mae, the multiple listing service announced last week.

On March 31, the California Association of REALTORS® and Fannie Mae announced they had partnered to provide brokers and agents with the Fannie Mae Short Sale Assistance Desk, a program designed to “significantly shorten” wait time for approval on short-sale transactions where Fannie Mae is the first-lien holder and a valid offer has been submitted for the property.

The article continues:

“(The launch) marks an important step forward in helping homebuyers, sellers and our subscribers avoid the frustrations and complexities so common in short-sale transactions,” said Jim Harrison, MLSListings CEO, in a statement.

“Access to the Assistance Desk will help our agents and brokers work to resolve cases where the short-sale approval channel has slowed down, so their clients can close the transaction, first and foremost, and do so in a more timely manner.”

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