Hello everyone
I have question.
I had a seller to call me about short selling her home. she was granted a modification a few months ago (which she accepted). Now she has decided she no longer wishes to proceed with the modification and wishes to apply for a short sale. Has anyone had this situation before and what are the chances of getting the short sale approved,being that they have already approved the modification?
Thank you
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If they were fully modified on their account and have a FHA loan, but can no longer afford their payments, they should be eligible to apply for a short sale review to be open. If you get the FHA case # you can call HUD if you have any questions pertaining their guidelines.
Let me know if you need anything at all and best regards,
Yes Brett she is current on her payments and it is an FHA insured loan. Thanks for your help.
They can still apply for a short sale. Are they current on their mortgage as of today? What type of loan did the borrower use to purchase the property?
Let me know if you have any questions.
310-564-6389
www.ishortsalenow.com
Brett@ishortsalenow.com