Offer Details
The Offer Details section on the Details page contains information around the short sale offer - including any submission notes and error messages.
The table below provides a brief description of each data field in the Offer Details section:
| Field Name | Field Type | Description | |||||||
|---|---|---|---|---|---|---|---|---|---|
|
1. |
Contract Sales Date |
Date |
Date on which a sales contract for the property was signed. |
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|
2. |
MLS List Date |
Date |
Date on which property was listed in the Multiple Listing Service (MLS). |
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|
3. |
Contract Sales Price |
Currency |
The actual or estimated amount paid by the buyer of a property. |
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|
4. |
Property Value |
Currency |
Dollar amount of the property value used in valuation calculations. |
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| 5. | ARMs Length Indicator | Yes/No | Indicates whether the mortgage contract includes an ARMs length transaction. | ||||||
|
6. |
Total Net Proceeds |
Currency |
Dollar amount of net proceeds from the sale of the subject property before deductions are taken out. |
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|
7. |
Minimum Net Proceeds |
Currency |
The minimum bid price that will be set based on Net Present Value (NPV). |
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|
8. |
Good Through Date |
Date |
The date through which the minimum net proceeds value and estimated market value are valid. |
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|
9. |
Sale Net Proceeds |
Currency |
Dollar amount of net proceeds received by Freddie Mac after the sale. This amount does not include Borrower Relocation Incentive. |
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| 10. | Minimum Net Proceeds <Details> | Hyperlink |
Provides additional detail around the Minimum Net Proceeds (MNP) amount. Select the Detail hyperlink to view MNP Details pop-up box:
Select the Detail hyperlink again to close the MNP Details pop-up box. |
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|
11. |
Submission Notes |
Text |
Servicer's notes in the Comments data field providing further details about the workout when submitting either the non-delegated short sale or a short sale extension request to Freddie Mac. |
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12. |
Workout Messages |
Read-only Table |
Lists the applicable error codes for requests that were submitted through Resolve's user interface or the Resolve Liquidation API.
There are two types of error messages:
You can access the full list of workout messages on the Developer Portal. |
