Help Ditech Fannie Mae Short Sale

A Ditech Fannie Mae short sale is common as Ditech primarily facilitates Fannie Mae backed notes. Ditech was formed by GreenTree Servicing and Ditech Mortgage Corp merging into Ditech Financial LLC. A Ditech Fannie Mae Short Sale is governed by Fannie Mae guidelines so borrowers will not be able to participate in the HAFA program. Guidelines are strict when it comes to borrowers current on their mortgage needing to show imminent default and also payoff caps and contributions to subordinate lien holders.

After sending a complete short sale package to Ditech Financial LLC they will order an internal value to be completed on the property. Ditech and Fannie Mae will require that the purchase agreement and figures will need to be placed into Fannie Mae’s portal Home Path for short sales too. Fannie Mae can be a tough negotiator and many times asks for seller contributions or promissory notes in deficiency states. At times they also come back with high values on their property’s and value disputes may need to be initiated.You can open up a case through the homepath site too if you need to escalate an issue with a Fannie Mae directly.

If you have any questions about Ditech Short Sale procedures or anything loss mitigation related, please fill out the form below for immediate assistance or call 1-800-692-9960