FHA - HUD Short Sales


FHA - HUD Short Sales

HUD rules for FHA short sales, tips, experiences, etc.

Fax LOA:  918-236-3274

PH 877 622-8525

Members: 578
Latest Activity: on Tuesday

FHA Preforeclosure Sale Guidelines


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7-9-13 Updated Pre-Foreclosure Sale (PFS) and Deed in Lieu (DIL) of Foreclosure - Effective 10-1-13.

FHA National Servicing Center 

(877) 622-8525 Customer Service

1-800-489-1733 Fax

1-866-808-5050 Fax for LOA


301 NW 6th Street, Suite 200
Oklahoma City, OK 73102
National Servicing Center:


Please note that effective October 1, 2014, Deval LLC will no longer be HUD's National Servicing  loan servicing contractor. The new contractor, Novad Management Consulting will be your new point of contact.


For all Customer Service questions please contact [email protected]

FHA Contract Clause

"Sale is contingent upon the seller receiving prior written approval of Insert Name of Lender/Servicer."

FHA Listing Agreement Clause

“Seller may cancel this agreement prior to the ending date
of the listing period without advance notice to the broker, and
without payment of a commission or any other consideration if
the property is conveyed to the mortgage insurer or the mortgage
holder.” The sale completion is subject to approval (under HUD
guidelines) by the mortgagee.


Discussion Forum

FHA short sale with Partial Claim

Started by Mike Rosania. Last reply by Jim Stewart Feb 21. 10 Replies

Reverse Mortgage with HELOC

Started by Lisa Jalufka. Last reply by Brett Goldsmith Jan 31. 1 Reply

61 Days in Marketing, HUD refuses to accept less than 88% net - FSD in 2 days

Started by Robin M. Willis. Last reply by Dean E Eshelman, CPA, CDPE, IRES Dec 12, 2016. 3 Replies

Comment Wall


You need to be a member of FHA - HUD Short Sales to add comments!

Comment by Bryant Tutas on April 27, 2012 at 4:20am

Hi Mike. Never. I would ask for clarity.  Here's the chart for allowed FHA PFS fees. It does not have a dollar amount on it.

Comment by Nick Mancuso on April 26, 2012 at 8:57pm

I have question..This is a FHA/HUD file. Has anyone EVER been told or heard of, (mind you this is coming from BofA) Closing fee are limited to $750 or less. This includes all of the title charges and attorney fees?

Comment by Chad Gelsinger on April 26, 2012 at 3:26pm

Kevin, thanks for talking with me this morning. I do have an updated fax number for HUD Servicing Center. I was told the 918-236...number was no longer valid. Here is the new fax number I was given: 469-647-4451. I was also given an email address to send a 3rd Party Authorization to: [email protected]. I won't be able to talk with anyone for 3 business days. That is how long it takes to upload and image. I will try them both. 

Comment by Kevin - Greenville, SC on April 23, 2012 at 9:40am

Jim Schneider, Yes the will consider imminent default and then run them through the retention waterfall.  Payments must be 31 past due at closing of the PFS.

Comment by Tara Polley on April 23, 2012 at 8:50am

Jim, keep in mind, FHA guidelines will not approve a short sale where payments are current.

Comment by Bryant Tutas on April 23, 2012 at 7:14am

I've done these several times. Shouldn't be an issue. It would help if you can provide the divorce filing paper work.

Comment by Jim Schneider on April 23, 2012 at 6:33am

New situation, Wells Fargo FHA mortgage. Loan is current, but seller's are divorcing. Will Wells and/or HUD consider divorce "imminent default"? Neither spouse currently has means to make the mortgage payments on their own. Please write back if you've had this one.

Comment by Wendy Smith on April 16, 2012 at 9:42am

good morning - I can't seem to find the contact info for Darrell Powell. 

would someone please share?  thanks

Comment by Kathleen Lordbock on April 13, 2012 at 2:15pm

Thanks all- I have done a few other FHA-HUD SS but this one started out too high and the negotiator seems to think that I can not move the price down even to generate offers. Price is moving next week and there after- what is the worst that could happen? An offer would be nice!

Comment by Michael Schneider on April 13, 2012 at 6:44am

@Kathleen.  IMHO this is the major flaw in the FHA program, and it's a big one.  Get your best offer, submit it.  If the net exceeds 84% of the ATP value, you can generally get it approved, with a variance, if necessary.  If the net is less that 84%, you can try to dispute the value.  But the FHA dispute process is illogical and out-of-date.

Success depends primarily on price and on your closing costs (adjustments, 2nd lien, conveyance taxes, partial claim, etc.)

When the initial appraisal is much too high, sometimes all you can do is stop wasting your time.


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