Search San Diego County Foreclosures & Short Sales Fannie Mae beginning March 1st and and Freddie beginning February 1st will begin implementing “forbearance” programs on loans either owned or securitized. It is mandatory for servicers to forbear a homeowner in the even of a job loss for 6 months without advance permission. The servicer will… Read More
Fannie Mae Counts Loan Modifications As A Short Sale
November 2, 2011 By Leave a Comment
Homeowners receiving loan modifications for their primary residence (and noted on their credit report); are now being treated as short sellers by Fannie Mae…even if the homeowner was never late on their mortgage. In other words: A responsible homeowner, who made their payments on time and received a loan mod for their primary residence will… Read More
Fannie Mae Delay Initiative Foreclosure
August 25, 2011 By Leave a Comment
Fannie Mae has cited a newly implemented “delay initiative” requiring that all mortgages more than 12 months past due must be on an active payment plan with monthly payments coming in order to avoid foreclosure. Requests for postponement in the absence of such a plan are denied. Therefore if you are attempting a loan modification… Read More
Equal Housing Opportunity. Equal Opportunity Employer. It is illegal to discriminate against any person because of
race, color, religion, sex, handicap, familial status, or national origin.