Thursday, November 04, 2010

Fannie Mae and Freddie Mac seize foreclosure files from David Sterns mill gets raided

David Sterns law practice on the east coast of Florida has been one of the biggest firms processing thousands of Florida Foreclosure cases over the past few years.  Freddie and Fannie had enough about the obvious shortcuts taken by the firm, and seized thousands of files from their office this week to review them for possible errors.
Nice to see that Fannie Mae and Fredddie Mac are stepping in to straighten out this mess!  Perhaps spreading out the case load a little might help to get these foreclosure files handled better.
In any case, this should serve to slow down the already slow pace of foreclosures in the State of Florida.  This should help to encourage Fannie Mae and Freddie Mac to get faster, and easier to deal with on short sales.  In a short sale the entire cost, and headache of the foreclosure process is avoided.  This helps the big lenders, the investors, and the homeowners who are facing the credit hit of a foreclosure.
Need help with a short sale in Sarasota or Manatee?  Make sure to contact Joe Murphy, real estate agent with Coldwell Banker.  Joe Murphy is a leading short sale agent in the Sarasota and Bradenton areas.  Free, confidential help is here if you have questions or concerns about the short sale process.
Joseph C. Murphy, Broker-Associate, BS, Previews Certified

Coldwell Banker Residential Real Estate
11215 State Road 70 Suite 105
Lakewood Ranch, FL 34202

941-780-3260 cell/text
941-739-6777 office
941-739-9120 fax

Posted via email from Joe Murphy Knows Real Estate in Bradenton

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