I too am interested in knowing if there were any not typical outside reasons, flip?
Hope this helps,
GRI, ePRO, Real Estate Broker & Realtor
Community and Family Values
Fannie Mae will now go after any assets you have and may also attach your wages, too. If Fannie Mae "forgives" you for any of their loss then you could end up with "ordinary" income.
Fannie Mae may just sell off your debt to a collection agency. Are you planning to file bankruptcy?
I'm surprised you had a Realtor helping you with a short sale and Fannie Mae foreclosed. Was there an investor flip scam going on that now resulted in your getting a foreclosure on your record and also being liable for 100% of Fannie Mae's loss?
You will now be a "renter" for at least 5 years, sorry! It would have only been 2 or 3 years if you were successful at doing a short sale.