Hi fellow Realtors! been awhile since I have been here but boy do I need help!
I have a Celink reverse mortgage that was just transferred to Novad for servicing. For starters, If the owner is alive and not in a facility, does he have to occupy the house in order to do a short sale?
**********************************
like buttons
Comments
Hi there. No, the house needs to be vacant or you need a letter stating they are moving out of the house for a reverse mortgage short sale. Novad is HUD's national servicing. They will accept an offer at 95% of the appraised value.
Reach out if you need any help!
Brett@ishortsalenow.com
310-564-6389