As of November 1st, 2012, new guideline for short sale
without additional approval from Fannie Mae/Freddie Mac will include death of a
borrower, divorce, disability or relocation for a job. According to FHFA Acting
Director Edward J De Marco, “these new guidelines demonstrate FHFA’s and Fannie
Mae’s and Freddie Mac’s commitment to enhancing and streamlining processes to
avoid foreclosure and stabilize communities.”
