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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