Monthly Archives: May 2012

North Carolina Revokes License of BPO Agent

I’ve discussed before the State of North Carolina’s position on Broker Price Opinions.  As previously mentioned, BPOs aren’t necessarily frowned upon by the NC Real Estate Commission, but they may only be performed by a broker if the broker has a reasonable expectation that they may get the listing.  In page 13 of the Commission’s […]

Posted in Broker Price Opinions | Comments closed

Fannie Mae Changes Guidelines to Speed up Short Sale Times

Anyone who has ever attempted a short sale has probably been frustrated by the amount of time it can take to get a response from the bank.  To help combat absurd response times, Fannie Mae has issued new guidelines that should at least provide Realtors, borrowers, and buyers with an expectation of when the bank […]

Posted in Bank of America, Fannie Mae & Freddie Mac, Foreclosure News, Wells Fargo | Comments closed