FHA - HUD Short Sales Discussions (136)

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Not allowed to do PFS because loan is owned by Ginnie Mae?

Situation,   just listed a short sale property. BOFA is the servicer, FHA loan. I called BOFA after they had received the letter of authori…

Started by Jim Schneider

10 Jul 9, 2011
Reply by Kevin - Greenville, SC

Escalation?

My colleague has been working on the sale of my sister's home in Maryland since OCTOBER 2009!   I won't go into detail (I don't have that m…

Started by Cathy Baumbusch

1 Jun 10, 2011
Reply by Kevin - Greenville, SC

Arm's Length Transaction Question

So we had an issue with an arm's length affidavit. The buyer, un-related to the seller, is a corporation looking to buy and rent out the ho…

Started by Susan Milner, SFR, CDPE, GRI

7 Jun 9, 2011
Reply by Susan Milner, SFR, CDPE, GRI

FHA Short Sales and Redemption

Anyone out there have had any luck with getting a FHA short sale approved during redemption?

Started by Mike Sher

0 Apr 22, 2011

serious issues with appraisal dispute

I'm not disputing that the value on this property was 95,000 back in october. But now 120 days later it is more around 70,000. In order to…

Started by Amanda Pittman

7 Mar 15, 2011
Reply by Jeff Payne

Getting ready to do first BofA PFS- DEFICIENCY JUDGEMENT & EQUATOR QUESTIONS

Hi.  Getting prepared to begin a BofA PFS (fha- only one loan).  Was wondering if I could be certain that B of A would not include there cu…

Started by Heather Williams

8 Feb 15, 2011
Reply by Margaret C. Taylor

Sale in under 7 business days

Finally got a workable offer in on a Chase FHA loan and Chase says they cannot stop sale due to FHA guidelines that require it in at least…

Started by Michelle DeRepentigny, SFR

4 Feb 1, 2011
Reply by Michelle DeRepentigny, SFR

Can the buyer use the appraisal from the PFS?

I  currently have a buyer going FHA on a PFS short sale. As I understand it, the servicer will send out an FHA certified appraiser to do a…

Started by Jim Schneider

4 Jan 19, 2011
Reply by Robin M. Willis

Life after PFS Time Runs Out?

I have a short sale listed in a situation where the alloted time has run out due to declining values.  I just couldn't get an offer at the…

Started by Robin M. Willis

4 Jan 19, 2011
Reply by Robin M. Willis

HUD denied FHA short sale

Does anyone have any advice for the following sitution? I have been working on a Bank of America FHA short sale. HUD denied the file becaus…

Started by Tricia La Motte

14 Dec 21, 2010
Reply by Michael Schneider

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