Fannie and Freddie (GSE's), as well as each non-GSE lender have their own rules and guidelines regarding if and how they will proceed with a short sale.
If you are “upside-down” on your home and want to start exploring your options, one of the first things you’ll need to do is to check if you have a GSE loan.
I have provided 2 links below to help you out.
Freddie: https://ww3.freddiemac.com/corporate/
Fannie: http://www.fanniemae.com/loanlookup/
If you’d like to discuss your situation and possible options confidentially, please call me on my direct line at 561-602-1258.
If you’re upside-down, don’t wait…find out who has your loan…then call me.
Thanks for reading…Steve