New options arise for many military homeowners
United States Air Force sent this bulletin at 07/06/2012 12:00 PM CDTHaving trouble viewing this email? View it as a Web page.
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07/03/2012 04:16 PM CDT
The Federal Housing Finance Agency recently announced changes to its short-sale policies that should make it easier for military homeowners with Fannie Mae or Freddie Mac-backed mortgage loans to honor their financial commitments when they are required to move as part of their duty.
Under the new policy, Fannie Mae and Freddie Mac will not pursue deficiency judgments, cash contributions or promissory notes from members of the military with a change in duty station for any property purchased on or before June 30. Service members must have a Fannie Mae or Freddie Mac loan to be eligible.
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Under the new policy, Fannie Mae and Freddie Mac will not pursue deficiency judgments, cash contributions or promissory notes from members of the military with a change in duty station for any property purchased on or before June 30. Service members must have a Fannie Mae or Freddie Mac loan to be eligible.
more...
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