Hello everyone

I have question.

I had a seller to call me about short selling her home. she was granted a modification a few months ago (which she accepted). Now she has decided she no longer wishes to proceed with the modification and wishes to apply for a short sale.  Has anyone had this situation before and what are the chances  of getting the short sale approved,being that they have already approved the modification?

Thank you

Views: 65

Comment

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

Comment by Brett Goldsmith on January 16, 2015 at 10:37am

If they were fully modified on their account and have a FHA loan, but can no longer afford their payments, they should be eligible to apply for a short sale review to be open. If you get the FHA case # you can call HUD if you have any questions pertaining their guidelines.

Let me know if you need anything at all and best regards,

Comment by Tammy Williams on January 16, 2015 at 10:31am

Yes Brett she is current on her payments and it is an FHA insured loan. Thanks for your help.

Comment by Brett Goldsmith on January 13, 2015 at 8:37am

They can still apply for a short sale. Are they current on their mortgage as of today? What type of loan did the borrower use to purchase the property?

Let me know if you have any questions.

310-564-6389

www.ishortsalenow.com

[email protected]

Members

© 2018   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************