As of 3/18 a Fannie Mae Directive stated that all borrowers with Fannie Mae loans had to be 30 days late with their payments before a short sale would be considered.
This morning a Wells Fargo representative told me that this was true, however it didn't apply to the state of Arizona. Supposedly there is an Arizona state law or regulation that protects people in Arizona and states that people in Arizona do not have to be 30 days late.
Can anyone help me with this?
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