Freddie Clarifies Position on Deficiency Judgments for Short Sales, Deed-in-Lieu

February 28, 2012

Freddie Mac reinforced the requirement that the servicer, for itself and on behalf of Freddie Mac, must waive all rights to pursue payment of the remaining balance owed by the Borrower under a Freddie Mac-owned mortgage for all approved short payoffs and deed-in-lieu of foreclosure transactions that have closed in accordance with the Single-Family Seller/Servicer Guide and applicable law.

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