Question: HUD PFS net minimum guidelines, 88% if under 30 days, 86%, 30-60, 84% 60+: is the number of days based on the date the ATP is issued, offer is written, or closing occurs?
Tags:
Date of ATP is when the clock starts. Then usually the date on the contract or the date when the lender reviews the offer dictates what tier it falls into.
Correct you are.
The clock starts ticking when the ATP is issued.
They may be able to submit a variance to allow you into a lower NET bracket early.
310-564-6389
Perhaps but there is no one a HUD to review a Variance right now.
© 2024 Created by Brett Goldsmith. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.