Under certain circumstances, Fannie Mae may consider the following alternatives:
Waiver for mortgage loans in default. See Allowing a Delinquent Mortgage Loan to Be Assumed in D2-3.4-04, Qualifying Mortgage Assumption Workout Option for information on mortgage loan assumptions.
Optional repurchase of certain mortgage loans. See A1-3-01, Requirements for Voluntary Repurchase for additional information.
Potential litigation. If the legality of the due-on-sale (or due-on-transfer) provision is questioned or litigated, see D1-6-02, Handling Notices of Liens, Legal Action, Other Actions Impacting Fannie Mae’s Interest for Fannie Mae’s requirements for handling the action.
For more information please see: D1-4.1-05, Enforcing the Due-on-Sale (or Due-on-Transfer) Provision.