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Is this a slam dunk? Fannie May approval

Posted by Samson_is_Furry on December 19, 2011 at 9:48am in Short Sale Discussions

My deal has been approved by the PMI company pending a 5k prom note. It has now been sent to Fannie for investor approval. Is MI approval an indicator of investor approval? I'm under the impression that it is more difficult to get approval from the MI company.


Thanks!


Mike

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Replies

  • Wendy Rulnick December 20, 2011 at 3:54am

    Mike - It's a separate entity, and has no relevance on Fannie Mae's approval.  Good luck!

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