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Fannie Mae FAQs

Click here for a printable version of Fannie Mae’s FAQs on the Short Sale Assistance Desk.

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  1. Catherine Leong says:

    My client sold their home in 2010 with sale sale process. There were 2 loans on the property. The 2nd lender agreed to take $9,000 which was offered by the 1st lender. Both lenders approved the short sale and the property was sold in about 4 months. My client told me that the second lender called them about 3 times to pay back the balance of the loan. They got call again in 7/11. Do the borrowers have to pay back the balance of the 2nd loan? They do not have money or can’t borrow again to pay back since their credit score are low. Please advise. Thank you,

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