Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Conditional Tender of Payment

Fannie Mae

Updated 10-31-2026

Conditional Tender of Payment

A procedure whereby a lender offers a borrower an opportunity to "refinance" a mortgage at minimal or no cost through modification of the existing mortgage, endorsement of the mortgage note, and assignment of the original mortgage, rather than by satisfaction of the existing mortgage debt. condo

Fannie Mae Glossary of Terms

Fannie Mae · p. 8

Need help?

Ask more questions about Conditional Tender of Payment in Help. You'll get answers for your situation.