Freddie Mac Seller/Servicer Guide 9301.6: Deficiency rights and property considerations
This section contains requirements related to:
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 9301.6 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Obtaining judgment for less than total indebtedness and preserving deficiency rights
- (b) Circumstances where preserving deficiency rights requires additional expense
- (c) Borrower abandonment of the property
- (d) Preserving the property during the foreclosure process
- (e) Expenses that may become First Liens on the property
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.