Forum

 Just received a Green tree approval and they keep referring me back to the FANNIE GUIDELINES which are a bit confusing to me .

My first question is a credit card that went into a judgement and thus a lien on the property fall under the Junior lien guidelines ? Green tree is saying NO , The property has a lien with a company called Mid land Funding for $8000 , Green tree is saying even if we negotiate this down we cant use any of the approved  $6000 towards the lien  because Fannie Mae will not allow credit card debts to be part of pay off . ( original dent was Capital One ) 

We are getting $6000 towards Juniors lines and a $3000 BUYER CREDIT FOR CLOSING COST ? We had asked for a seller relocation or cooperative short sale credit and was denied that , never asked for the buyer credit , but will take it since she may have to pay off this lien .Did they approve a 3000 buyer closing cost credit anticipating that the buyer would have to negotiate these liens ? 

The second question is HOA dues , there is another lien for $5800 , this represents about 4 years of delinquent dues . Green tee is saying 6 months is the max that Fannie will pay , is that 6 months if they are just delinquent ? , this is a lien , so will they pay the whole $5800 since we have $6000 towards Junior Liens ?