"You can resubmit those....however streamline would be the easier way to go as she will have a hard time with FHA as a non owner occupant unless she moved for employment...FHA does not play nice when owners move out for no good reason.
"1st review her revised financials to see if she really cannot afford the payments. then...
2nd: provide a letter of explanation why the error was made.
3rd: you are now going to have to prove every line on the financial disclosure. Go through her…"
"From the lenders' perspective, why would they do a short sale when she rented a new place - why isn't that rent going towards the mortgage?
Did she have to relocate for a job? Why didn't she include ALL of her expenses to…"
Nationstar, FHA loan, mortgagor denied short sale eligibility and instead offered forbearance. Here is message from loan rep:At this time the home owner is not eligible to participate in the short sale program because she has a surplus of income. You can send me a message in the beginning of next month and I can review the status of the account to see if we can possibly streamline the file. That is if there is changes in the file. But as of now, she is not eligible. Owner has already…See More
I picked interest on you after going through your short profile and demand it necessary to write you immediately. I have something very vital to disclose to you, but I found it difficult to express myself here, since it's a public site.Could you please get back to me on ([email protected]) for the full details.
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