can fannie mae approve my shortsale if i have never missed a payment?

Asked by Ji, 20744 Tue Mar 16, 2010

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5
Akil Walker, Agent, Upper Marlboro, MD
Tue Sep 4, 2012
Hi Ji,

just depends on your situation and why you would need to do a short sale. good luck
0 votes
Minna Reid, Agent, Trumbull, CT
Wed Jul 18, 2012
I have had Fannie Mae approve my short sales without my clients missing payments. It is possible.
Web Reference:  http://www.homesbyminna.com
0 votes
Tyra General, Agent, Upper Marlboro, MD
Wed Jul 18, 2012
Hi Ji,

There is a possibility. However, it really depends on the details of your specific situation, etc.

However, I suggest that you have a full consultation with an attorney, tax professional, & Realtor that specializes in short sales. It is very important that you know your options.

In the meantime, feel free to visit http://www.athomewithtyra.com and select "Short Sales" on the left hand side. There you will find frequently asked questions about short sales.

If you would like to set up a no obligation consultation to get answers to your specific questions, we'd be happy to schedule your appointment.

We wish you the best.

Tyra

Tyra N. General

IMPORTANT NOTICE:
Tyra General & Associates of Keller Williams Preferred Properties is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.
0 votes
Phil Seldon, Agent, Annapolis, MD
Wed Jul 18, 2012
It's always a "Case-by-Case" basis; it will depend on your Hardship (necessary for ANY Short Sale), assets, payment history and several other factors. Your best bet is to meet with a qualified Realtor, go through the Short Sale Package preparation requirements and see what happens!

Phil
0 votes
Alex Saenger, Agent, Rockville, MD
Sat Mar 20, 2010
It may be possible. There are a whole list of questions that come with your question. The first issue, right off the bat is what is your "hardship"? Without that, you can't even get started.

If you like, I can have my team evaluate your situation at no cost to you. This is a specialized team of bankers and attorneys that will negotiate with the bank on your behalf. Again, this costs you nothing as they get paid by the bank. I would be happy to discuss this with you further if you are interested.

Alex@alexsaenger.com
Web Reference:  http://www.AlexSaenger.com
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