Share 'Loan is TOO FAR DELINQUENT to qualify for a Preforeclosure Short Sale?'
Seller filed BK and after multiple attempts to do a short sale, ditech is finally ready to do a short sale. But now FHA says "Borrower is not elligible for the preforeclosure sale program regardless of offer or what final net may be because loan is too far delinquent". Granted, it's 2486 days past due.
A variance was put in with FHA to let us do the short sale but it was denied because "a good…
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