ALTA Addresses Freddie Mac Short Sale Addendum Issues

September 6, 2011

As a result of the uptick in short sale issues, Freddie Mac now requires all of the parties involved to sign an affidavit attesting that it is a true arms-length transaction. This, however, is putting increased liability on settlement agents. Read on to find out how ALTA is attempting to resolve the issue.

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Contact ALTA at 202-296-3671 or communications@alta.org.

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