real estate attorney: New HUD Rules for FHA Short Sales Appear to Violate California Law 580
- 10/15/13 06:24 AM
There is a lot of hub bub around the new HUD changes to FHA short sale rules that went into effect on October 1, 2013. Specifically these requirements are set forth in the most recent Mortgagee Letter 2013-23 and this letter in a fair amount of detail states certain requirements that were already known to those of us in the short sale industry in order to get a short sale approved, but apparently they are now putting them in writing. New HUD Rules For FHA Short Sales, Requirements Include; 1. A seller cannot list the property with or sell it to … (0 comments)
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Sarah Litchney, Sacramento Realtor and Sacramento Real Estate Attorney
There is a lot of hub bub around the new HUD changes to FHA short sale rules that went into effect on October 1, 2013. Specifically these requirements are set forth in the most recent Mortgagee Letter 2013-23 and this letter in a fair amount of detail states certain requirements that were already known to those of us in the short sale industry in order to get a short sale approved, but apparently they are now putting them in writing.
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