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The Problems Associated With a Fannie Mae Short Sale

Real estate agents like to take on a Fannie Mae short sale because they get a full commission.

But Fannie Mae is nobody's friend in a short sale. It continually issues new guidelines concerning short sales. Now, you would think that being controlled by the government that Fannie Mae would bend over backwards to help home sellers get out from those underwater homes, but that's not happening.

The truth is Fannie Mae may force a seller to stop making mortgage payments and, in trust deed states, once that Notice of Default is filed, Fannie Mae has been refusing to postpone the trustee's sale . . . read more about a Fannie Mae Short Sale.

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The Problems Associated With a Fannie Mae Short Sale originally appeared on About.com Home Buying / Selling on Monday, February 15th, 2010 at 05:00:32.

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