Who has the responsibility to maintain a VACANT property?
If the seller is out of state, FHA loan.
thanks
Gina
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Who has the responsibility to maintain a VACANT property?
If the seller is out of state, FHA loan.
thanks
Gina
You need to be a member of Short Sale Superstars to add comments!
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Replies
The servicer likely would secure the asset if they know it is vacant. The seller owns the home so if something happens they are likely stuck holding the liabilities. FHA is a mortgage insurer. If it's been vacant for too long it could be an issue if borrower tries to short sale.
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