Short Sale Lender Update: Navy Federal
February 17, 2010 by admin · Leave a Comment
Navy Federal has started requiring an average of 30% of the balance owed to approve short sales and settle the debt. They typically ask the seller to sign a promissory note however the good news is that we have been very successful of late in negotiating around this so our sellers do not have to sign a promissory or contribute any money. If you have a Navy Federal loan, be sure to ask us about this.
