Tags:
That's interesting. Is this by any chance an FHA loan? If so, see the attached.
Well that sucks! I have yet to have a short sale denied due to the seller being current on their mortgage. As Bob pointed out this is an FHA requirement and may be a requirement of the particular Investor you are dealing with. You need to try and get to the bottom of it. Good luck.
Have you read the news in the last few days? Front page news all over the country: BofA is moving toward principal-reduction loan-modifications -- at the insistence of the government (and and some key lawsuits against them in Massachusetts). Would your seller have a hardship if his principal was reduced (up to) 30%?
Then, all bets are off.
Suddenly.
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.