“Fannie” won’t mod on an investement home?
February 3rd, 2010
One of my clients was just told by BofA on his Fannie loan for his investment property that it is a blanket policy that Fannie won’t mod. for an investment home, is this true? Are there any verifyable accounts in which this has happened? Thanks.
This is true they won’t. There was discussion at a Treasury training I attended last Oct in Riverside, but upon reivew and much research, the answer is no.
The best a borrower can hope for is to negotiate directly with their servicer.