Bank of America B of A Loan or Mortgage Owned by Fannie Mae ? Possible Short Sale? Read Here
I recently found out that my seller's Bank of America loan has Fannie Mae as the investor. Well, there is such thing as the Co-op or Cooperative Short Sale. If the homeowner's mortgage is with Bank of America and owned by Fannie Mae then they may qualify for this type of short sale. The short sale has not been listed for sale for too long and my client and I have both received a phone call from the negotiator through REDC for Bank of America & Fannie Mae. He describes quicker response times and deficiency waiver for the borrower! The short sale will be processed using Equator. Could be nice?