source:
  type: guide
  id: fnma-svc-a4-2.1-03
  authority: Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales
  description: Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales.
  coverage_tier: operative
obligations:
- id: fnma-svc-a4-2.1-03-full
  canonical_id: fnma-svc-a4-2.1-03-full
  section: Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide A4-2.1-03 — Managing Short Sales
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: cf63a82bbb4adfba
    fetched_at: '2026-05-22T23:53:19Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: 'A4-2.1-03, Managing Short Sales (06/21/2017) All properties
      being considered for a short sale must be listed on the applicable MLS that
      covers the geographic area in which the property is located for a minimum of
      ﬁve consecutive calendar days, including one weekend (i.e., Saturday and Sunday),
      prior to the servicer submitting the short sale recommendation to Fannie Mae
      for review. Note: If the geographic area in which the property is located is
      not covered by MLS, the property must be advertised in a manner customary for
      that real estate market. A printed copy of the property listing must be kept
      in the mortgage loan servicing ﬁle. Recent Related Announcements There are no
      recently issued Announcements related to this topic.'
  judgment: false
