Does Fannie Mae Pursue Deficiencies On A Bellevue Short Sale?
By Paul Nelson, Paul Nelson
(Homes Northwest)
Bellevue WA – The Stop Foreclosure Institute recently received a question from Steve. Here is his question. “We are doing a short sale with one of the largest nationwide banks. I told them I wouldn’t do the short sale unless they specifically changed their short sale approval letter to completely release me from the deficiency. The short sale negotiator told me that Fannie Mae would not allow them to release the deficiency. I read somewhere that Fannie Mae doesn’t pursue a homeowner after a short sale. I don’t know who to believe. What do you think? Steve.” Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is the answer to Steve’s Question. Steve, in my opinion, you are being lied to by the people at the bank. Fannie Mae and Freddie Mac...
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