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Underwater on Your USDA Home Loan? Short Sale May Not Be as Easy as You Might Think!
Here's some unfortunate, yet all too true information for those considering a USDA short sale.  And, also might be true for some other unenlightened lending institutions you may have to deal with:
 
Underwater on Your USDA Home Loan? Short Sale May Not Be as Easy as You Might Think!I’ve been doing short sales since 2005, the past eleven years, I’ve learned a great deal about the investors, servicers, how to escalate files, the approval process....Though I’ve helped many homeowners who were underwater on their home loans by listing their homes as a short sale, each file, each investor, and each servicer has different guidelines and I learn something new with each short sale listing. Short Sale on a USDA loan may not be as easy as you might think, however, it is a better option than Foreclosure.I’ve had clients who had USDA loans and they were able to close that chapter by listing their home as a short sale and successfully closing on the transaction.I am currently working with a homeowner who first applied for a loan modification which she was denied for, she was then advised by her servicer Bank of America to find a real estate agent and list it ... more

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