FHA - HUD Short Sales

Information

FHA - HUD Short Sales

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

Fax LOA:  918-236-3274

PH 877 622-8525

Members: 561
Latest Activity: Apr 10

FHA Preforeclosure Sale Guidelines

 

 Click the button to hire a Short Sale Agent Superstar in your area

 

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

customerservice@novadconsulting.com

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

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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 Customer.Service@novadconsulting.com

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.

 

Comment Wall

Comment

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Comment by Wendy Rulnick on February 19, 2015 at 12:54pm

The correct fax number for authorizations to FHA is 1-800-489-1733. I am updating our info box.

Comment by Kevin - Greenville, SC on February 19, 2015 at 12:51pm

Novad Management Consulting Shepherd’s Mall
2401 NW 23rd Street, Suite 1A
1 Oklahoma City, OK 73107

Toll-Free Telephone Number: (877) 622-8525 Fax Number: (800) 489-1733

Borrower inquiries (HECM or Forward)

customerservice@novadconsulting.com 

Comment by Wendy Rulnick on February 19, 2015 at 12:47pm

Our fax to FHA (469) 674-4451 is not going through. Does anyone have a better fax number?

Comment by jeni lamberto on February 16, 2015 at 12:03pm

OK, I have a fiasco situation with USBANK that has dragged on since the Spring of 2014. It has multiple liens which I have been kindly starightening out for USBANK. They have continued to give me the run aroind and at ties, all but admit that they have no intention of helping me out at all. Most of the time that I speak with the relationship manager, she tries to give me some spaced out update that means nothing at all and clearly does not pertain to my file. When I question her on it, she proceeds to tell me "oops, she's looking at the wring file." How is it possible that she's doing that on most calls? Anyways, I need to cut bait and distance myself from this servicer so I have a prayer of closing my deal. 

The newest appraisal came in January 6th, My client received the letter of pre-approval, we have been patiently waiting for the ATP which I am pretyy sure is not going to arrive via USBANK since they really don't care about their files. Clearly. 

My FHA question is, once we have the authorization to speak, how long is the turn around to recieve the ATP since I'm pretty sure it's already in their system? 

Comment by Joy Baker on January 26, 2015 at 12:01pm

Thanks for the quick response, Kevin.  I should have just emailed you.  I knew you would know the answer!

Comment by Joy Baker on January 26, 2015 at 12:00pm

Well, that makes me feel better.  I saw the same name and I thought, "You've got to be kidding me!"

Comment by Kevin - Greenville, SC on January 26, 2015 at 11:39am

just a coincidence.

Comment by Kevin - Greenville, SC on January 26, 2015 at 11:38am
He is not.
Comment by Joy Baker on January 26, 2015 at 11:37am

Is the Matt Martin who is listed as the Director of Loss Mitigation and of HUD's National Servicing Center the same Matt Martin who is CEO of Matt Martin Real Estate Management, the company that has a contract as a HUD M&M asset manager which means they make money disposing of HUD's foreclosure properties.  If so, wouldn't this be a conflict of interest?

Comment by Corinn on January 8, 2015 at 3:12pm

Thank you for your help, as always, Kevin. I am very appreciative.

 

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