FHA loan on 4 family. One unit owner occupied. No hardship. Owner has a very good paying job. The property started having structural issues in that the front porch is pulling the property apart (big crack in ceiling) Had evaluated by structural engineer. Estimated cost to repair $15,000. Owner does not have fund to repair and is concerned for safety of tenants. Can this property be a Short Sale? How do you get around the hardship issue?
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This is probably not going to apply but just fyi.
portal.hud.gov/huddoc/13-23ml.pdf
HUD can't grant a variance for really any reason it chooses that fall outside the Servicer's delegations covered in Mortgagee Letter(s) or other Guidance. It's a business decision.