FHA - HUD Short Sales

Information

FHA - HUD Short Sales

HUD rules for FHA short sales, tips, experiences, etc.

Fax LOA:  918-236-3274

PH 877 622-8525

Members: 581
Latest Activity: Sep 28, 2020

FHA Preforeclosure Sale Guidelines

 

 Click The Button Now To Hire A Short Sale       Superstar To Support You.

 

7-9-13 Updated Pre-Foreclosure Sale (PFS) and Deed in Lieu (DIL) of Foreclosure - Effective 10-1-13.

FHA National Servicing Center 

(877) 622-8525 Customer Service

1-800-489-1733 Fax

1-866-808-5050 Fax for LOA

customerservice@novadconsulting.com

301 NW 6th Street, Suite 200
Oklahoma City, OK 73102
National Servicing Center:

******

Please note that effective October 1, 2014, Deval LLC will no longer be HUD's National Servicing  loan servicing contractor. The new contractor, Novad Management Consulting will be your new point of contact.

 

For all Customer Service questions please contact [email protected]

FHA Contract Clause

"Sale is contingent upon the seller receiving prior written approval of Insert Name of Lender/Servicer."

FHA Listing Agreement Clause

“Seller may cancel this agreement prior to the ending date
of the listing period without advance notice to the broker, and
without payment of a commission or any other consideration if
the property is conveyed to the mortgage insurer or the mortgage
holder.” The sale completion is subject to approval (under HUD
guidelines) by the mortgagee.

 

Discussion Forum

NOVAD as 2nd lien

Started by Noelle Battle. Last reply by Brett Goldsmith Nov 22, 2019. 5 Replies

Hud/FHA declining to do short sale

Started by Savita Savita. Last reply by Brett Goldsmith Sep 26, 2018. 1 Reply

Comment Wall

Comment

You need to be a member of FHA - HUD Short Sales to add comments!

Comment by jennifer mullen on February 25, 2012 at 1:16am

Thanks Kevin, my negotiator at PHH said the exact same thing.  You are a great resource!

Comment by Kevin - Greenville, SC on February 24, 2012 at 3:32pm
Comment by Kevin - Greenville, SC on February 24, 2012 at 3:31pm

jennifer mullen - Yes, FHA will allow up to $1000 incentive.  This amount does however come out of the net proceeds, so in reality it is coming from the Buyer.

Comment by jennifer mullen on February 24, 2012 at 4:24am

I'm about to submit a file to PHH mortgage.  Will FHA allow relocation assistance to my seller?

Comment by Robert A. Carrino on February 20, 2012 at 5:40am
Thanks Bryant!
Comment by Bryant Tutas on February 20, 2012 at 4:39am

hi rob.

Here's what you need

HUD%20ATP%2090043.pdf

Comment by Robert A. Carrino on February 20, 2012 at 4:10am

Is there a generic FHA request to short sell a property?  I see the one posted here and it appears BOA centric.  I am familiar with the other FHA ss forms however I run up against an auction clock constantly and I want to have the form available for my sellers so I can submit to services as quickly as possible. 

Comment by Kevin - Greenville, SC on February 19, 2012 at 9:42am

Some great insight I learned last week about FHA Loss Mitigation in Oklahoma City.  If it's outside the box of the PFS Program and the deal would/should make sense to HUD, have the Servicer/Lender submit a request for a Variance.

Comment by Kevin - Greenville, SC on February 17, 2012 at 6:46pm

Kelly W. Maynard - Call me if you still need assistance - 864-485-9283

Comment by Kevin - Greenville, SC on February 8, 2012 at 10:09pm
 

Members (581)

 
 
 

Members

© 2024   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

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