strategic default, | San Jose, CA

Fannie Mae and Strategic Defaults

June 26, 2010 by Kathleen Daniels

Fannie Mae wants borrowers to act in Good Faith in working out an alternative solution with the servicer. Simply walking away (“Strategic Default”) may subject a borrower to legal action to recoup the outstanding mortgage debt. This means, strategic defaulters may walk away from the property however under Fannie Mae’s new policy, in jurisdictions that… Read More

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Fannie Mae and Strategic Defaults

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