Closed a US Bank FHA short sale

Closed a US Bank short sale, FHA loan with Florida Bond downpayment assistance

Balance of First $140,000

Balance of Florida Bond second $10,000

 

Sales price $115,000

Concession for buyers closing costs $1150

6% commission

$2500 to settle second

$102308 to settle the first

 

5 months from contract to close, 3 1/2 months for approval

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Replies to This Discussion

Permalink Reply by Jim Schneider on February 28, 2011 at 6:48am
Did they allow you to get the sale pre-approved or give the sellers' incentive per PFS??

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