Request List Price Guidance and Active Marketing Support

List Price Guidance Request and Active Marketing Support*

Real estate professionals who are assisting homeowners interested in pursuing a short sale now have the benefit of requesting list price guidance directly from Fannie Mae before listing the property in the local Multiple Listing Service (MLS) in their area. Once the initial list price guidance is provided, agents may also receive ongoing Active Marketing support from Fannie Mae by providing their MLS Sheet, monthly marketing report, and any other pertinent information related to the marketing of the property.

• When Fannie Mae is the first lien holder on the property, listing agents can use the Fannie Mae HomePath™ Short Sale Portal to submit their requests online to receive list price guidance.
• The HomePath™ Short Sale Portal is free and available for any agent listing a Fannie Mae short sale. Agents must register for access to the application, but once they do, they can access the portal at their convenience to request list price guidance and check the status of their request.
• Listing agents must ensure they have a signed copy of the Fannie Mae Homeowner Authorization Form before they begin. Servicer provided Homeowner Authorization Forms are not acceptable. Download Homeowner Authorization Form

What's Required to Submit a Request?

Before logging into the HomePath Short Sale Portal, listing agents need to confirm that Fannie Mae is the first lien holder of their client's property. Click here to confirm whether Fannie Mae is the first lien holder. Once this step is complete, listing agents will need to register and set up an account. This account allows them to log into the HomePath Short Sales Portal and submit a list price guidance request. The following information will need to be provided:

What to Expect?

• Once a list price guidance request is submitted, Fannie Mae will confirm that it is the first lien holder, and then begin the process of evaluating a variety of external and internal sources, including, but not limited to, current listings and pending and closed sales to estimate the property's value.
• In addition, Fannie Mae will order a Broker Price Opinion and an appraisal. Please ensure the homeowner provides access to the property for the interior valuation.
• Fannie Mae requires up to three weeks to complete list price guidance requests. During this period, agents can log into the portal and check on the status of their requests.
• The Homepath for Short Sales Portal provides email updates whenever Fannie Mae adds a comment, requests more information or makes an update to a case. Agents will be notified when a list price recommendation has been made, and can then use this information to set a list price and begin marketing the short sale property on their client's behalf.

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If you are ready to request a List Price Guidance, click below to enter the Short Sale Portal

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* List Price Guidance is only intended to be used as guidance in marketing the property regarding the potential value of the property. There is no guarantee that an offer submitted at or above the list price guidance will be approved by Fannie Mae.