LENDERS REQUIRING DELINQUENCY/NON-DELINQUENCY FOR SHORT SALE UPDATE:
U.S. Bank: as of 5.2.2014, will allow an FHA mortgage holder to proceed with short sale with less than 90 days delinquency, which was required 30 days ago.
Wells Fargo: As of 4/17/2014, will allow homeowner to apply for short sale without delinquency but with hardship. Homeowner in process for 5th time.
Fannie Mae (Federal National Mortgage Association (FNMA) ): will approve homeowner with hardship for short sale without delinquency. Homeowner closed 6/2014.