Wednesday, December 23, 2009

Bank of America Rep told me no more extensions on Fannie Mae loans!!!

When I was doing my weekly status check on all my B of A short sales today the short sale support representative let me know that Fannie Mae wasn't going to be doing "infinite" extensions any more.  If you had an offer on the table they would do one extension per loan and with out an offer that you are SOL!!!  This should go over like a lead balloon!

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