program: Changes to the FHA Short Sale Process - 01/08/09 12:09 AM
Essentially, HUD (our federal government) has determined that their way of helping the homeowner is to dramatically reduce the opportunity for FHA borrowers to successfully complete a short sale.  The 82% net to lender rule that has always been in place is out the window now.  Is this what they are doing with our $750 billion dollars?  There are several points to these new guidelines that should be thoroughly considered. 
 
For one, I am not at all thrilled about the new “required” language which essentially nullifies our listing agreement.  I believe this is something that the mortgage companies must … (21 comments)

 
Brad & Traci Brusenhan (Brusenhan & Associates Realty - Dallas, Texas)

Brad & Traci Brusenhan

Plano, TX

More about me…

Brusenhan & Associates Realty - Dallas, Texas

Address: 18208 Preston Road D9, Ste. 120, Dallas, TX, 75252

Office: (972) 312-1052

Fax: (972) 312-1053



Links

Archives

RSS 2.0 Feed for this blog