Fort Collins CO – The Stop Foreclosure Institute recently received a question from Brent.
Here is Brent's Question. "If we are not behind on our mortgage but can't sell our home through a normal sale because we don't have any equity, can we still qualify for a short sale? We would like to sell this property and get another property where we are not upside down. Thank you!” asked Brent.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
Here was our answer. Brent, there is actually a federal short sale program that encourages what you would like to do. It is called the FHA 4155 loan program. It allows a person that is short selling their house to buy another one right away. However, there are a few caveats.
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