Here’s a helpful PDF download from the Federal Housing Finance Agency (FHFA) which outlines some new guildes specifically for Fannie Mae and Freddie Mac borrowers. These new guidelines will go into effect on November 1st, so if you’re facing foreclosure and need to know about your Short Sale options, you’ve got to check it out!
Note: the new short sale guidelines have specific provisions for special treatment of military members, so if this affects you, make sure you take a look! We hope you find this helpful. Just click here: FHFA Updates on Short Sales.