You want to short sell your Overland Park Home & you have an FHA loan.
Did you know that if you want to short sell your Overland Park Home & you have an FHA loan with the "Federal Housing Authority (FHA)" that the requirements for you to short sell your home are different than a traditional conventional style short sell. Yep...Housing and Urban Development (HUD) has specific requirements and guidelines for determining if your FHA insured home qualifies to for short sale approval.
And guess what? Did you know that the first requirement before you get your heart set on submitting an offer for the short sale of your home is that you are approved to participate in the FHA short sale program to begin with!! Folks, don't "put the horse before the cart". Make sure you know what the requirements are for short selling your Overland Park if you have an FHA loan.
Request a Free Confidential, no obligation, analysis of your home and options that may be available to you to help reduce the burden you may have.
Because we specialize in selling Overland Park homes and in short selling homes with an FHA loan, contact us for more information as to the requirements for short selling your home.
Kansas and Missouri Short Sale real estate agent having successfully closed a number of short sales with Bank of America, Chase, Citi, US Bank, Wells Fargo, BBT, and others.
(There are potential tax consequences that should be discussed with a tax professional. Please do not interpret this information as providing legal, tax or other professional advice which you should seek independently before you short sell your Overland Park Home & you have an FHA loan.)
(image courtesy digitalart-FreeDigitalPhotos.net)