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FHA Home Loan and Short Sale
"Let’s talk about your FHA Home Loan and Short Sale."
An FHA loan, because it’s a government-backed loan i. e. insured by the Federal Housing Administration, of course, the government does not call it the way everybody calls it.
The FHA program is called a pre-foreclosure sale program. The pre-foreclosure sale program and related FHA loans have been around for a very long long time. It’s nothing new. They have recently updated their guidelines to be a bit more flexible, in the case of when you’re having a bit of trouble with your FHA loan. They’ve also increased the relocation incentive for a seller as part of an FHA pre-foreclosure sale or short sale, i. e. used to be a thousand dollars and now increased to three thousand dollars - still not an enormous amount of money, but it certainly helps out when you’re tying to move on in life.
There are a lot of "ins" and "outs" and lots of guidelines associated with the program. And something I found out is that it’s too incredibly important that when you’re looking for someone to help you with your FHA pre-foreclosure sale, or short sale scenario, you hire people to help you who ... more

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