Lili Youngblood
  • Augusta, GA
  • United States
  • Ga
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Lili Youngblood's Discussions

NOVAD and HUD with reverse mortgage

Started this discussion. Last reply by Lili Youngblood Aug 14. 2 Replies

I have a 92 year old seller who is now in the hospital. He has a reverse mortgage. I've submitted all docs to NOVAD who was to forward to HUD for approval. Initially NOVAD said it would take…Continue

 

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Lili Youngblood replied to Lili Youngblood's discussion NOVAD and HUD with reverse mortgage
"I realize it is a very short process. Its been 15 weeks since I submitted the original contract to NOVAD with endless revisions to the CD. My contact from NOVAD finally responded today and said that HUD denied the short sale which now requires…"
Aug 14
Brett Goldsmith replied to Lili Youngblood's discussion NOVAD and HUD with reverse mortgage
"Short sales aren't quick unfortunately. If you can get it approved within a month or two consider it a blessing as that's faster than most. Hopefully a manager or your rep can push it through quickly for you and your client. Best of…"
Aug 14
Lili Youngblood posted a discussion

NOVAD and HUD with reverse mortgage

I have a 92 year old seller who is now in the hospital. He has a reverse mortgage. I've submitted all docs to NOVAD who was to forward to HUD for approval. Initially NOVAD said it would take approximately 2 weeks to get approval. We are closing in on 4 weeks and still no response. As I stated my seller client is now in the hospital and we are getting concerned about his health. Does anyone know of a way I can get this escalated to someone other than the person who submitted the file to…See More
Aug 14

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First Name
Lili
Last Name
Youngblood
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Agent
State
Ga
City
Augusta
My Profile
Vice President
Associate Broker
Hablo Espanol
CRS, GRI, ABR, ASR, CSP, GREEN, MRP, SFR, SRES

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