FHA - HUD Short Sales


FHA - HUD Short Sales

HUD rules for FHA short sales, tips, experiences, etc.

Fax LOA:  918-236-3274

PH 877 622-8525

Members: 579
Latest Activity: Nov 2, 2017

FHA Preforeclosure Sale Guidelines


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7-9-13 Updated Pre-Foreclosure Sale (PFS) and Deed in Lieu (DIL) of Foreclosure - Effective 10-1-13.

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National Servicing Center:


Please note that effective October 1, 2014, Deval LLC will no longer be HUD's National Servicing  loan servicing contractor. The new contractor, Novad Management Consulting will be your new point of contact.


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FHA Contract Clause

"Sale is contingent upon the seller receiving prior written approval of Insert Name of Lender/Servicer."

FHA Listing Agreement Clause

“Seller may cancel this agreement prior to the ending date
of the listing period without advance notice to the broker, and
without payment of a commission or any other consideration if
the property is conveyed to the mortgage insurer or the mortgage
holder.” The sale completion is subject to approval (under HUD
guidelines) by the mortgagee.


Discussion Forum

FHA short sale with Partial Claim

Started by Mike Rosania. Last reply by Jim Stewart Feb 21, 2017. 10 Replies

Reverse Mortgage with HELOC

Started by Lisa Jalufka. Last reply by Brett Goldsmith Jan 31, 2017. 1 Reply

61 Days in Marketing, HUD refuses to accept less than 88% net - FSD in 2 days

Started by Robin M. Willis. Last reply by Dean E Eshelman, CPA, CDPE, IRES Dec 12, 2016. 3 Replies

Comment Wall


You need to be a member of FHA - HUD Short Sales to add comments!

Comment by Jim Schneider on May 17, 2016 at 5:05pm

Have partial claims remained as the same problem they were before? I looked through past comments but the most recent ones were from 2012.

Comment by Bill Garrett on April 15, 2016 at 3:01pm


After a long battle with Wells Fargo (and FHA/HUD) to get them to revisit their flawed appraisal's valuation, they did finally order a new appraisal.  They did, however, order it with the same guy who did the earlier appraisal.  ("Mr. Appraiser, was your appraisal wrong then or now.")_______ I've seen this happen before with these FHA files.  Is it standard policy or mandated by the applicable regs?  Do I have any shot at getting the lender or HUD to reverse course and use a different appraiser?  ______ Thanks. 

Comment by Stephanie Summers on April 13, 2016 at 8:54pm

I would definitely call your state reps and media. I contacted our senators after a similar situation and Hatch got the ball rolling with the lender. Ended up getting our approval and closed it within two weeks. Pull out the stops and let them know you're coming at them from all angles. 

Comment by Arlene Garcia Hanner on April 13, 2016 at 3:22pm

I also agree with Kevin.  Keep trying until the property no longer belongs to the homeowner. 

I had a short sale deal that the seller was about 4 years behind in payments on their FHA loan.  Initially, the file was denied.  But I kept trying and got an ATP.  Then the loan was sold in the middle of the transaction!!!  I had to start all over again but eventually did sell the house.  Twitter does keep things moving.

Comment by Scott on April 13, 2016 at 1:51pm

I agree with you Kevin.  I've done so many short sales I now expect idiocy from the lenders.  When something like this happens, it doesn't surprise me on bit.  I never even used Twitter prior to me having a short sale go haywire.  It actually worked in that case and then every time since then.  Now, it's part of my arsenal.

Comment by Kevin - Greenville, SC on April 13, 2016 at 1:44pm

i agree Scott. It's sad that one has to resort to that when they should do the right thing in the first place.

Comment by Scott on April 13, 2016 at 1:38pm

I recommend incessantly berating them on Twitter until they do something about it.  It sounds ridiculous, but I've found it to be extremely effective!

Comment by Kevin - Greenville, SC on April 13, 2016 at 1:33pm

At that point in time you'll probably need to take it to the press, your local congressperson, shame them on social media and HUD in DC. They are losing the FHA $$ and their own publications bear that out.

Comment by Brett Goldsmith on April 13, 2016 at 1:30pm

We had ATP issued and spoke to the HUD director and escalation contact. It did not get us anywhere. Let me know if someone gets one of these "excessive delinquency denials" overturned !

Comment by Dean E Eshelman, CPA, CDPE, IRES on April 13, 2016 at 1:22pm

@jason I am like Kevin, I fight to the bitter end. If an ATP was issued someone can later say it was in error and to me that is just an excuse to not approve. Escalate, Escalate, twitter, FaceBook, CFPB everyone.


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