The exception, however, is if bvacation/b homeowners need a new mortgage and their current first mortgage totals no more than 105 percent of the current appraised value. If Fannie Mae or Freddie Mac hold the home loan, a refinance might ... It's easier to negotiate a short sale on a primary home, says Chicago attorney Joseph bNery/b. But he has seen lenders acquiescing to a short sale on a second home in recent months. "They're being more flexible when they think the only other ...
