GSE Offer On-Time Underwater Borrowers To Cancel Debt

28 Jan 2013

Fannie Mae and Freddie Mac have introduced a program that allows borrowers who have paid their mortgages on time but whose properties have lost value to cancel their debt by giving up their homes through a deed-in-lieu transaction.

Fannie Mae and Freddie Mac have introduced a program that allows borrowers who have paid their mortgages on time but whose properties have lost value to cancel their debt by giving up their homes through a deed-in-lieu transaction. The program is open to non-delinquent borrowers who need to ...

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