In addition, the loan guaranteed by Fannie Mae or Freddie Mac (a requirement for the short sale relief) will not pursue any balance on the loan that's left over after the short sale.
"It is in everyone's interest for the men and women serving in our armed forces to focus on the important job they are doing defending our country, rather than worry about the maintenance and leasing of a property in another jurisdiction," said Edward J DeMarco, acting director for the FHFA.
