asis: Can I Short Sale My House With Structural Damage? - 02/26/11 03:01 AM
Yes, you can short sale your house even with structural damage. Indeed, the lender may be more inclined to settle your loan because of the structural damage.
The bank does not want to own your house.
But who will want to buy my house with structural problems?
Someone will. Price fixes everything. The price will have to come down as an incentive for someone to take the risk and do the work.
But I owe too much on my house...
Once we, your short sale Realtors, submit the buyer’s offer to your lender for approval they will send an appraiser to … (19 comments)

asis: When The Agent for the Buyer Asks You If The House Will Pass FHA - 02/20/11 08:17 AM
I am a Realtor and I list short sales for overleveraged clients, often behind on payments.
Their houses aren’t always in tip top shape.
Buyer’s agents often ask me if the house will pass an FHA inspection.
Our response is tendered as politely and professionally as possible, however our answer is a definite “We don’t know!”
Then we elaborate some more. We are not FHA inspectors. We do not and cannot know all the FHA rules. The rulebook is vast and complex and only certified FHA inspectors can answer the question.  The rules change like leaves blowing in the wind.
We … (3 comments)