Special offer

Feather Falls, CA Real Estate News

By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
FHFA Announces New Standard Short Sale Guidelines for Fannie Mae and Freddie Mac; Programs Aligned to Expedite Assistance to Borrowers. Fannie Mae and Freddie Mac will waive the right to pursue deficiencyjudgments in exchange for a financial contribution when a borrower has sufficient income or assets to make cash contributions or sign promissorynotes: Servicers will evaluate borrowers for additional capacity to cover the shortfall between the outstanding loan balance and the property sales price as part of approving the short sale. • Offer special treatment for military personnel with Permanent Change of Station (PCS) orders: Service members who are being relocated will be automatically eligible for short sales, even if they are current on their existing mortgages, and will be under no...
Comments 1
Explore Feather Falls, CA
Feather Falls, CA Real Estate Professionals