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
Comment
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,
Yes Brett she is current on her payments and it is an FHA insured loan. Thanks for your help.
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
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.
You need to be a member of Short Sale Superstars to add comments!
Join Short Sale Superstars