© 2018 Fannie Mae Single Family Servicing Guide
The servicer must cancel the foreclosure sale once the borrower has successfully completed a workout option.
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The following table provides further clarification regarding servicer actions depending on when the executed deed is received.
| If the servicer... | Then the servicer must... |
|---|---|
does not receive an executed deed with clear and marketable title as well as all required documents signed by the borrower at least 30 days prior to the foreclosure sale | continue the foreclosure process. |
receives an executed deed more than 30 days prior to foreclosure sale but the borrowers did not provide all the required signed documents | request the additional required documents. |
The foreclosure process must not be suspended or canceled unless all required executed documents are received and accepted prior to the foreclosure sale date. The servicer should escalate the decision to accept the documents to Fannie Mae if necessary.Additional Information: https://www.fanniemae.com/content/guide/servicing/e/3.4/02.html