Did Fannie Mae run afoul of California’s short sale laws?

Borrowers who are current or less than 31 days delinquent on mortgages owned or guaranteed by Fannie Mae or Freddie Mac may be considered for a short sale if they can demonstrate an eligible hardship and meet other imminent default requirements described in the standard short sale guidelines. 3 Lenders and servicers are authorized to expedite.

We are also dealing with Fannie Mae because our mortgage company’s process in dealing with them though a "Short Sale". Our mortgage company did a (BPO) on our home, but Fannie Mae never did one at all to even show or see how much the house was worth. A cash offer came in for 35, 000 with them paying the closing cost.

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