FHFA Announces Short Sale Assistance for Military Homeowners in Temecula or Murrieta with Fannie Mae or Freddie Mac Loans

Great news for our military members who live in the Temecula and Murrieta areas!!

June 21, 2012

Washington, DC – Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco today announced changes to short sale policies that will make it easier for military homeowners in the southwest Riverside county communities of Temecula and Murrieta with Fannie Mae and Freddie Mac loans to honor their financial commitments when they are required to move as part of their duty.

Under the new policy Fannie Mae and Freddie Mac will not pursue a deficiency judgment or any cash contribution or promissory note from members of the military with a change in duty station for any property purchased on or before June 30, 2012. Service members must have a Fannie Mae or Freddie Mac loan to be eligible.

Not Sure whether your loan is with Fannie or Freddie Click Link to Check.


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