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: 565
Latest Activity: Jun 25

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 Kevin - Greenville, SC on April 3, 2015 at 11:31pm

But as a practical matter the listing agent may/will have to push them to order another. If your buyer is interested make a fair market value offer.

Comment by Kevin - Greenville, SC on April 3, 2015 at 11:30pm

there is not a waiting period. 

Comment by Guerry Clegg on April 3, 2015 at 11:28pm

How long after the ATP expires will the lender have to order a new appraisal?

Comment by Kevin - Greenville, SC on April 3, 2015 at 11:17pm

They don't even need to wait. But as a practical matter the listing agent may/will have to push them.

Comment by Guerry Clegg on April 3, 2015 at 11:15pm

When a seller's ATP expires, will the lender have to order a new appraisal to determine an updated acceptable net per FHA? I'm on the buyer's side for a change so I don't know all of the facts, but I'm told the seller had an ATP but it has expired. Not sure when. Listing agent is saying CITI told her they will have to get an offer before they will order an appraisal.

Comment by jeni lamberto on February 20, 2015 at 4:05pm

I endedn up emailing the authorization to Customer.Service@novadconsulting.com and they responded within 24 hours. I just spoke to a contact who gave me a case number after someone else gave me a ticket number. Anywho, I have his direct line. He is calling the USBANK escelation team to find out what's happening. Praying he will help me sort this out. WTH is wrong with USBANK?

Comment by Wendy Rulnick on February 19, 2015 at 1:03pm

Thanks, Kevin!

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?

 

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