If you are active duty military, have a Fannie Mae or Freddie Mac loan and are interested in a short sale, you may want to pay attention and talk to a Denver short sale expert today. Fannie Mae and Freddie Mac have recently come out with new short sale guidelines that apply only to active duty members of the military.
If you have received orders for a Permanent Change of Station (PCS), meaning you are required to move, it is now possible for you to complete a short sale on your home without ever missing a payment. A PCS, while essentially the same thing as a job relocation or transfer, is usually viewed as a legitimate hardship by most lenders, but with Fannie Mae and Freddie Mac establishing new guidelines, this makes it possible for military members in the Denver area to complete a short sale on their home even faster than before. This will allow military members to get out of their underwater homes as soon as possible and focus on relocating to their new home while they continue to serve their country.
With Fannie Mae and Freddie Mac being the two largest home loan investors in the country, other mortgage investors may follow suit and change their short sale guidelines for active duty military as well. To find out if you have a Freddie Mac or Fannie Mae home loan, contact a Denver short sale expert as soon as possible. PCSing can be a very stressful time, not only for the active duty member, but for their families as well. If you have an upcoming PCS or know someone that does and you need to get out of your home, now is the time to take advantage of the many benefits of a short sale. There are many short sale experts in the Denver area that are experienced in working with military families, so don’t hesitate to get help or more information today.