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.
Contact ALTA at 202-296-3671 or [email protected].