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: 557
Latest Activity: on Saturday

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

(469) 674-4451 Fax


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

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 Sales with Title Concerns

Started by Chad Gelsinger. Last reply by Chad Gelsinger Jul 30. 2 Replies

Divorce, Bankruptcy, and FHA - Oh My! What a fiasco!

Started by Debi Braulik. Last reply by Brett Goldsmith Jul 29. 5 Replies

BofA Short Sale after an FHA loan mod

Started by Jerry Robertson. Last reply by Brett Goldsmith Jul 11. 9 Replies

Comment Wall


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

Comment by Erik Reilly on June 1, 2014 at 8:14pm

Thanks Joe

Comment by joe beauchamp on June 1, 2014 at 10:48am

I've gotten some good ones from BofA, but never that one. The loan is FHA insured and the investor didn't want to be paid? Yeah. But then I hadn't run into someone with 2 FHA loans, either.

You need to email your authorization to HUD. I find it best to add why you have a problem, but you are supposed to call them. By putting in your reason, usually HUD will call you. If you get a phone answering nimrod (like "that's the way it is" response), call back and ask for clarification or something that will get you to a real analyst. customerservice@deval.us

Comment by Erik Reilly on June 1, 2014 at 6:49am

I submitted an FHA SS w One of BoA's vendors, was told I had to get a higher net-which I did, it was then passed to the next level for review and was told the seller had 2 FHA loans. I was told to get a written explanation as to why she had 2 (she didn't choose her type of loan or insurer) and the status of her other loan(current). I then received a decline letter stating just that the investor declined. Any suggestions as to how to resolve this would be helpful

Comment by Kevin - Greenville, SC on May 19, 2014 at 1:39pm


more thank likely not. make your offer accordingly.

Comment by Brenda Houghton on May 19, 2014 at 1:36pm

Will HUD allow an agent who is a principle in the transaction (buyer) to receive a commission in a short sale?  Thanks.

Comment by Beth Daubert on April 10, 2014 at 4:42pm

Have you Called FHA/HUD directly? how far behind are the sellers with regards to payments? 

Comment by Scott on April 10, 2014 at 4:13pm

Frank--I've had similar situations on short sales in the past.  I've been told that if the reason the borrower vacated the home is due to the actual financial hardship, then they will grant a variance for that situation.


After just speaking with NSC, they told me that it's "within the servicer's discretion whether to request a variance".  After working many short sales, there is no consistency anywhere.  It's impossible to predict which files variances will be granted and which ones will not. 

Comment by Scott on April 10, 2014 at 4:10pm

I have an FHA short sale and M & T is the servicer.  M & T declined my short sale without informing me of the matter because my client's credit score exceeded 620.  I know what the guideline is, but in the past I've received variances for issues like this. 


I escalated the issue to M & T management and they were of no help.  I escalated the issue to NSC and the escalation specialist was as unprofessional and misinformed as the M & T employees.  I could tell that the specialist didn't understand their own FHA guidelines.  DOES ANYONE KNOW ANOTHER AVENUE TO HOLD THESE PEOPLE ACCOUNTABLE????

Comment by Flor Melgar on March 27, 2014 at 7:31am

Ask the negotiator to request a variance for the closing costs.  I had one that just closed yesterday where I had to be very insistent and finally got the negotiator to request the variance for 4% and we got it.  As long as the NET to HUD is they normally approve  

Comment by Katie Johnson on March 27, 2014 at 7:26am
i've received an offer on a HUD ss that is calling for 6% toward closing costs because buyer has no cash and is using 100% usda rehab loan. Property is in tough shape, and i've got several low cash offers from investors. what do you think chances are HUD will go higher than 1% toward cc? Thanks much

Members (557)


© 2014   Created by Bryant Tutas.   Powered by

Badges  |  Report an Issue  |  Terms of Service

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