Bellevue WA – Fannie Mae stands for Federal National Mortgage Association. Fannie Mae is a quasi-government enterprise that was created to buy mortgages from banks, thereby allowing them to make more loans.
Short Sales on a Fannie Mae owned loan are much simpler than other short sales.Around half of all US mortgages are owned by Fannie Mae or Freddie Mac.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
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