Nondelinquent Borrowers Soon to Be Eligible for Short Sales

Nondelinquent Borrowers Soon to Be Eligible for Short Sales

Daily Real Estate News | Wednesday, October 24, 2012

Mortgage giants Fannie Mae and Freddie Mac have issued new rules, which will take effect Nov. 1, that will allow short sales for underwater borrowers who have never missed a mortgage payment. Previously, Fannie and Freddie allowed only home owners who had missed payments to qualify for a short sale.

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