Posted on: 30th Jul, 2010 12:28 pm
I have a mortgage tht is seviced by B of A and owned by FrddieMac. Can Frddi Mac sell the loan to a prncpal reduction firm?
Hi aaapenny,
It is your lender who would consider a principal reduction if you are facing a financial hardship in paying the dues. I don't think Bank of America or Freddie Mac will sell your loan to a principal reduction firm.
It is your lender who would consider a principal reduction if you are facing a financial hardship in paying the dues. I don't think Bank of America or Freddie Mac will sell your loan to a principal reduction firm.