Servicing Guide

Published September 9, 2020

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What is the process when an unsolicited short sale request is received from a borrower?

If the servicer is responding to an unsolicited short sale request from a borrower, it is authorized to proceed directly with evaluating the borrower for a Fannie Mae short sale without first conducting an evaluation for a home retention workout option. See D2-2-05, Receiving a Borrower Response Package for information on evaluating the borrower for workout options.

See below for related Q&A:

What are the requirements for evaluating a borrower when determining eligibility for a Fannie Mae short sale? 

For more information please see: D2-3.3-01, Fannie Mae Short Sale.

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Guide Resources

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