FHA - HUD Short Sales

Information

FHA - HUD Short Sales

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

Fax LOA:  918-236-3274

PH 877 622-8525

Members: 581
Latest Activity: Sep 28, 2020

FHA Preforeclosure Sale Guidelines

 

 Click The Button Now To Hire A Short Sale       Superstar To Support You.

 

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

FHA National Servicing Center 

(877) 622-8525 Customer Service

1-800-489-1733 Fax

1-866-808-5050 Fax for LOA

customerservice@novadconsulting.com

301 NW 6th Street, Suite 200
Oklahoma City, OK 73102
National Servicing Center:

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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.

 

For all Customer Service questions please contact [email protected]

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

NOVAD as 2nd lien

Started by Noelle Battle. Last reply by Brett Goldsmith Nov 22, 2019. 5 Replies

Hud/FHA declining to do short sale

Started by Savita Savita. Last reply by Brett Goldsmith Sep 26, 2018. 1 Reply

Comment Wall

Comment

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

Comment by Paola Martinsen on June 13, 2010 at 11:19am
1.Have you guys been getting from banks that FHA will only pay 1% of the loan amount in seller paid closing costs?
2. Has anyone ever disputed an FHA appraisal value? If so please explain the process, what was needed, how long it took, etc. I have never had the need to but Im curious as to how it work if I ever had to dispute their appraisal.
Comment by Lisa Helweg on May 22, 2010 at 9:01am
Myra,
Thanks for the number!
Comment by Myra McCaskill on May 22, 2010 at 4:37am
Lisa the BofA FHA HUD Fax # is 866-808-5050.
Comment by Lisa Helweg on May 22, 2010 at 3:53am
John,
What is the fax number currently being used by B of A forsubmitting FHA short sale packages?
Comment by John Edelman on May 22, 2010 at 2:36am
FHA short sales can not be handled thru Equator. This is a HUD requirement. You do have to fax the short sale package in to B of A.
Comment by Elva Branson-Lee on May 21, 2010 at 3:49pm
Does anyone know the story re: Equator and FHA short sales? I've recently been informed that BoA FHA shorts are not handled through Equator but have a special process that is more like the old fax in process. I intiated the shorts in Equator, but they disappeared out of my property queu. any insight is appreciated.
Comment by John Edelman on May 21, 2010 at 8:02am
Feel free to give me a call at 817 690-7909
Comment by Myra McCaskill on May 21, 2010 at 7:45am
John - I have not gotten the issue resolved with BofA, can you please provide some insight? Thank you!
Comment by John Edelman on May 21, 2010 at 5:31am
Myra,
Have you gotten your issue with B of A resolved?

If not, I would be glad to offer some help.
Comment by Laura K Baldwin on May 21, 2010 at 4:44am
Does anyone have any contact info for FHA. BofA is holding up a closing and hasn't gotten get back to me since May 4.
 

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