Will FHA guidelines allow seller to pay for termite (if so how much)? Or does the borrower have to pay with the incentive??
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Will FHA guidelines allow seller to pay for termite (if so how much)? Or does the borrower have to pay with the incentive??
You need to be a member of Short Sale Superstars to add comments!
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Kevin, I want to hand it to you, this is exactly why I tune into short sale superstars. Thanks for the great info.
The Preforeclosure Sale (PFS) Program allows the Mortgagor in default to sell his/her home and use the net sale proceeds to satisfy the mortgage debt even though these proceeds are less than the amount owed.
NOTE: NSC and Post Claims Division have developed a listing of PFS Allowable and Disallowable fees. To print out a listing of these fees, please click on the following: PFS Allowable vs. Disallowable Fees. If the fee the lender wants to verify is not on the list, the lender will need to submit a Variance via HUD's Extension and Variance Automated Requests System (EVARS).
Kevin
(864) 485-9283
www.kevinsellstheupstate.com
Thank you so much for sharing this with me!
Kevin,
You are SO the best! Thank you for always sharing with us!