Directly from Fannie Mae's website www.HomePathForShortSales.com - "
"typically" being the key word.
ELIGIBLE HARDSHIPS
The borrower under imminent default must submit a complete Borrower Response Package, including a fully executed Form 710 or equivalent. Servicers may approve a short sale for borrowers who meet the conditions of this Announcement and document one of the following hardships:
death of a borrower or co-borrower,
long-term or permanent illness or disability of a borrower or co-borrower or dependent family
member,
divorce or legal separation of a borrower or co-borrower; or
distant employment transfer/relocation, including a Permanent Change of Station (PCS) order, greater than 50 miles one-way from the borrower’s current primary residence to be closer to employment.
If a borrower faces a hardship not listed above and provides all relevant documentation to the servicer for consideration for a short sale, the servicer must review the Borrower Response Package. If the servicer determines that the short sale request is legitimate, it must submit that recommendation to Fannie Mae for written approval of the short sale.
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