NO BofA FHA SHORT SALE UNTIL LOAN MOD DENIAL??

Have scheduled foreclosure sale date of June 5th for FHA insured BofA loan.  Was told FHA requirement is loan mod app first, which must be denied before FHA Short Sale will/can be considered. Have already started BofA "hoop jumping" and submitted loan mod app but wondered about this protocol.

Anyone?

Views: 170

Replies to This Discussion

Permalink Reply by Brett Goldsmith on May 21, 2018 at 8:46am

FHA waterfall protocol for loss mitigation options. Loan Modification -> Short Sale -> DIL

[email protected]

310-564-6389

www.ishortsalenow.com

Permalink Reply by RVT REI LLC on May 21, 2018 at 9:41am

Thanks Brett!  Appreciate the prompt and informative feedback!  Totally answered the question!!

RSS

Members

© 2019   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************