FHA Pre-Foreclousre Sale with no Federal Tax Returns?
Has anyone asked Bank of America to do a Short Sale on an FHA loan for a retired person who doesn't file Federal Income Tax returns?
Replies to This Discussion
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Permalink Reply by joe beauchamp on
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Not exactly run into this - shouldn't be a problem. Get a letter from the homeowner stating that he doesn't need to file tax returns and has no tax return for 2012, 2011. I find more facts included can be helpful. Possibly, they will demand it to be notarized - that doesn't make sense, but they do things like that. The "specialist" has to CYA and that is what the letter does.
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Permalink Reply by Eileen W. Smith on
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We'll probably need a variance from HUD too...
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