Should I stop paying my Fannie Mae owned mortgage?

I have a loan owned by Fannie Mae and serviced by NFCU. I am current, but have read that Fannie Mae will not consider a short sale until I am at least 30 days late. My research supports this, but I haven't found any info on this issue more recent than 2010. Is this no longer true or have people simply stopped talking about it?

 

NFCU was not sure. They said that I can be current, but backtracked when Fannie entered the picture. The representative claimed that they could simply reverse a payment if necessary. 

 

I'd prefer to stay current. Thanks!

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Permalink Reply by Wendy Martin on May 2, 2011 at 3:11am
No one should ever advise you to stop paying.  That being said, Fannie and Freddie typically ask for funds at the close of the short sale from the seller when they are current.
Permalink Reply by Samson_is_Furry on May 2, 2011 at 4:05am
I spoke with Fannie Mae this morning. The official word is that the borrower must be late in order to be considered for a short sale. Bummer.

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