FHA guidelines??

Will FHA guidelines allow seller to pay for termite (if so how much)? Or does the borrower have to pay with the incentive??

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Permalink Reply by Kevin - Greenville, SC on November 8, 2011 at 4:36pm
Preforeclosure Sale Frequently Asked Questions

The Preforeclosure Sale (PFS) Program allows the Mortgagor in default to sell his/her home and use the net sale proceeds to satisfy the mortgage debt even though these proceeds are less than the amount owed.

NOTE: NSC and Post Claims Division have developed a listing of PFS Allowable and Disallowable fees. To print out a listing of these fees, please click on the following: PFS Allowable vs. Disallowable Fees. If the fee the lender wants to verify is not on the list, the lender will need to submit a Variance via HUD's Extension and Variance Automated Requests System (EVARS).

 

Kevin

(864) 485-9283

www.kevinsellstheupstate.com

 

Permalink Reply by Beverly Cibulsky on November 10, 2011 at 5:14am

Kevin,

You are SO the best! Thank you for always sharing with us!

Permalink Reply by Judith Sailors on November 10, 2011 at 5:26am

Thank you so much for sharing this with me!

Permalink Reply by Jim Schneider on November 10, 2011 at 3:31am

Kevin, I want to hand it to you, this is exactly why I tune into short sale superstars. Thanks for the great info.

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