Gene's Blog - Archives December, 2008

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Home : Blogs : Gene Yakubovich : Gene's Blog : Archives December, 2008

HUD SHORT SALE GUIDELINES - 12/18/08 08:15 PM

I just got the approval for the property that loan (s)is over $ 500K and approval came $ 119,000 and it was not owner-occupant property, but initial loan was for the owner-occupant. First loan was originated 5-6 years ago as an FHA insured and it was about $ 300K.
Gene
www.gemconsultants.net

Via Wendy Rulnick "Its Wendy!" Destin FL Real Estate (Rulnick Realty, Inc.):
Here is a summary of the requirements for an FHA-insured Short Sale:
The borrower must be delinquent at least 3 months. Net proceeds of the offer should be at least 82% of appraised value. The appraised value should be at least … (0 comments)

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Burlingame, CA

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