I have had multiple asset management companies pull their listings in the last two weeks they had for Fannie Mae and said they are unable to market.
The way I found out was always something like the following:
We have been recently notified by Fannie Mae that a potential title defect was found with regard to the above subject property. At this time we are required to place the file on HOLD, and Fannie Mae will place into Unable to Market status. We are only canceling the listing with you at this time; NOT the assignment.
You will still continue to monitor the property until such time that the listing will be re-activated; this includes, weekly inspection, utilities, and ensuring that we are secured. The title defect is said to resolve in or around a three month timeframe or beyond at which time we will reinstate the listing agreement. Should anything change we will inform you promptly.
Fannie Mae has announced the following advertising is ready to launch listed below emails went out this week to all listing brokers.
HomePath® Advertising Launches in Media across the Nation
This week, Fannie Mae launched the HomePath advertising campaign to promote the recently announced HomePath Buyer and Selling Agent Incentive. This integrated campaign designed to reach home buyers, includes online and print advertising over a four-week period beginning October 18 through November 15. A sample of the print ad is attached for your review.
Print Ad Campaign
Print ads will be featured in real estate magazines and newspapers in major markets across the nation including Atlanta, Chicago, Long Beach, Miami, Phoenix, Riverside, Dallas and Houston. Please check out the real estate section for one-quarter page ads in these major publications:
- Atlanta Journal Constitution
- Chicago Tribune
- Los Angeles Times
- The Miami Herald
- The Dallas Morning News
- Houston Chronicle
- Press-Telegram (Long Beach, CA)
- The Press Enterprise (Riverside, CA)
- The Arizona Republic
In conjunction with the print campaign in major publications, web banners are featured on the publications' web sites listed above. In addition, ads are placed on local and national real estate sites (i.e. Zillow,Trulia and Yahoo!) targeted by markets. Home buyers in designated markets can also learn about the incentive on Facebook.
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Brandon Jordan Sr Vice President ERA American Real Estate Cell- (850)-758-1236 Fax- (850)-682-9439 Buy A Florida Vacation Home.com "We provide this information and much more on our site for you
at no charge, so please remember us when you're looking to buy
or sell real estate"