FHA short sale with Partial Claim - Short Sale Superstars2024-03-29T14:16:02Zhttps://shortsalesuperstars.com/forum/topics/fha-short-sale-with-partial-claim?groupUrl=fhashortsales&commentId=3468065%3AComment%3A384667&x=1&feed=yes&xn_auth=noI just had one denied by Well…tag:shortsalesuperstars.com,2017-02-21:3468065:Comment:3846672017-02-21T21:15:05.758ZJim Stewarthttps://shortsalesuperstars.com/profile/JimStewart
<p>I just had one denied by Wells. Wells told me the FMV was 181500 and asked me to price it according. Offer was $172000. Net including full payoff of the partial claim was well within the 88% guideline but Wells said HUD denied the variance because price was not FMV. Do these things have to go for full price? I've never received an ATP either, even though Wells submitted the offer. Not sure what I'm missing here.</p>
<p>I just had one denied by Wells. Wells told me the FMV was 181500 and asked me to price it according. Offer was $172000. Net including full payoff of the partial claim was well within the 88% guideline but Wells said HUD denied the variance because price was not FMV. Do these things have to go for full price? I've never received an ATP either, even though Wells submitted the offer. Not sure what I'm missing here.</p> Hi Jim, I need some help with…tag:shortsalesuperstars.com,2014-04-02:3468065:Comment:3470642014-04-02T06:00:03.827ZMo Myershttps://shortsalesuperstars.com/profile/MoMyers
<p>Hi Jim, I need some help with a similar case with a partial claim. Are you available by email or phone for a quick chat? Thanks.</p>
<p>Hi Jim, I need some help with a similar case with a partial claim. Are you available by email or phone for a quick chat? Thanks.</p> Yep. tag:shortsalesuperstars.com,2013-01-11:3468065:Comment:2897842013-01-11T04:34:44.084ZKevin - Greenville, SChttps://shortsalesuperstars.com/profile/KevinMWillson
<p>Yep. </p>
<p>Yep. </p> So basically I would be short…tag:shortsalesuperstars.com,2013-01-10:3468065:Comment:2892742013-01-10T21:54:35.663ZMike Rosaniahttps://shortsalesuperstars.com/profile/MikeRosania
<p>So basically I would be shorting the first for the amount of the PC?</p>
<p>Thanks for the input!</p>
<p>So basically I would be shorting the first for the amount of the PC?</p>
<p>Thanks for the input!</p> http://portal.hud.gov/hudport…tag:shortsalesuperstars.com,2013-01-10:3468065:Comment:2892642013-01-10T20:46:03.025ZKevin - Greenville, SChttps://shortsalesuperstars.com/profile/KevinMWillson
<p><a href="http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/nsc/fmaddr" target="_blank">http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/nsc/fmaddr</a></p>
<p><a href="http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/nsc/fmaddr" target="_blank">http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/nsc/fmaddr</a></p> Send an email to PartialClaim…tag:shortsalesuperstars.com,2013-01-10:3468065:Comment:2893612013-01-10T20:29:16.078ZJames ferebee jrhttps://shortsalesuperstars.com/profile/Jamesferebeejr
<p>Send an email to PartialClaims@Deval.us and request a payoff and give them an estimated closing date or you can just wait till you are closer in the short sale process but you will need to send them a HUD with the amount on it with the written proof to the lender.</p>
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<p>Jim</p>
<p>Send an email to PartialClaims@Deval.us and request a payoff and give them an estimated closing date or you can just wait till you are closer in the short sale process but you will need to send them a HUD with the amount on it with the written proof to the lender.</p>
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<p>Jim</p> I have done 5 of them and the…tag:shortsalesuperstars.com,2013-01-10:3468065:Comment:2894512013-01-10T20:14:53.611ZJames ferebee jrhttps://shortsalesuperstars.com/profile/Jamesferebeejr
<p>I have done 5 of them and they all fell way below the net to the lender but I did not need to ask for a variance unless they done it automatically without my knowledge..</p>
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<p>Thanks,</p>
<p>Jim </p>
<p>I have done 5 of them and they all fell way below the net to the lender but I did not need to ask for a variance unless they done it automatically without my knowledge..</p>
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<p>Thanks,</p>
<p>Jim </p> A Variance will be required i…tag:shortsalesuperstars.com,2013-01-10:3468065:Comment:2892582013-01-10T20:10:12.989ZKevin - Greenville, SChttps://shortsalesuperstars.com/profile/KevinMWillson
<p>A Variance will be required if the net fall below the FHA PFS requirements. </p>
<p>A Variance will be required if the net fall below the FHA PFS requirements. </p> A partial claim can't be shor…tag:shortsalesuperstars.com,2013-01-10:3468065:Comment:2894972013-01-10T20:08:46.422ZJames ferebee jrhttps://shortsalesuperstars.com/profile/Jamesferebeejr
<p>A partial claim can't be shorted as it MUST be paid in full and you can call FHA and tell them you want to request a payoff for a partial claim and they will give you that information and it's done via email and they will respond and the partial claim will come from the lender's net with no issues..</p>
<p>PARTIAL claim RULES!!!!!!</p>
<p>The shorting lender Will get less because this comes from their net with no squalking from the shorting lender..</p>
<p>I have the address to request but I…</p>
<p>A partial claim can't be shorted as it MUST be paid in full and you can call FHA and tell them you want to request a payoff for a partial claim and they will give you that information and it's done via email and they will respond and the partial claim will come from the lender's net with no issues..</p>
<p>PARTIAL claim RULES!!!!!!</p>
<p>The shorting lender Will get less because this comes from their net with no squalking from the shorting lender..</p>
<p>I have the address to request but I am mobile right now and was in a parking lot so I responded..</p>
<p>P.S. I have done 5 of these this past year.. Piece of cake...</p>
<p></p> PC must be paid in full.
tag:shortsalesuperstars.com,2013-01-10:3468065:Comment:2894482013-01-10T20:03:58.651ZKevin - Greenville, SChttps://shortsalesuperstars.com/profile/KevinMWillson
<p>PC must be paid in full.</p>
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<p>PC must be paid in full.</p>
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