"Greetings, Bill! From the land of open beaches and open gyms! I did see your comments and I have not encountered such an FHA situation, I'm sorry to say. I don't see any shot, but think Brett has given you good advice!"
"Hello, Wendy. I hope you're doing well down there in the land of sun and socially-distanced fun.
Did you see my earlier comments about the FHA owner, past due for 7+ years? Have you ever seen FHA approve a…"
"I think that people who remain unemployed will be screwed and that many o thers who get pay cuts will run into trouble when it comes to a repayment plan or loan modifications. I feel many people who's income go back to normal likely will face…"
"@Brett Thanks for the feedback. Your comments affirm what I've experienced with FHA. Often a challenge navigating the one-size-fits-all rules written by faceless Federal bureaucrats. I'm not optimistic on this file, but…"
"You'd need to reach out to a HUD representative If you don't know any you can email then you need to open a ticket at NOVAD to have one reach out to you. The general concept is that once it's 40 months past due that it's a hard…"
"@Brett & @Guerry. I normally steer away from any FHA file that's this far past due, but didn't know if the military serviceman wrinkle might allow a more favorable result. Any suggestions for getting some…"
"@Bill, most reps are unaware of that guideline. HUD will decline this file when a variance to open the PFS program is submitted. Never seen a variance for the 40month rule once it began to be enforced. The file is likely a waste of time and this…"
"LAST PAYMENT 7 YEARS AGO.... I have an owner relocated by the military seven years ago, thereby forced to move from his home with the FHA mortgage. The mortgage servicer (Selene Financial) suggested he now apply for a short sale. My…"
"Hi Vantis, we've never had to go through the XOME program as our MLS does NOT allow us to give up control of the listing to any other platform. Basically we cannot advertise XOME properties on mls. Once we were able to send this…"
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