FHA Short Sale Approved – Pre-Foreclosure Sale Approved by JP Morgan Chase in Sterling, VA (Loudoun County)

By
Real Estate Sales Representative with Keller Williams Realty

Homeowner owes more than his home is worth, and since it is an FHA loan, this short sale took a little longer than others to get approved. This homewoner needed to avoid foreclosure on his home on Colonial Avenue in Sterling, VA. Chase has agreed to do a short sale with proceeds paid out to HUD, but with stipulations you can read below. One very positive highlight is, they’ve agreed to pay an incentive to the homeowner for closing the deal quickly – $1,000 at closing payable to the seller. The letter can be hard to read, so if you have any questions, feel free to call me at 703-400-6757 or email me at jennifer@jyhteam.com . If you know anyone I can help, let me know!

Comments (1)

Ben Benita
Ben Benita - Gainesville, VA
Speaker, Author, Game Changer, Coach

If I remember correctly, a homeowner selling via short sale with an FHA loan can actually get up to $1500 for moving and other expenses.....

Anyone (FHA or otherwise) selling via short sale approved through the HAFA program can get up to $3000 for moving and other expenses.....

Good stuff....can come in VERY handy if there are delinquent HOA or taxes due.......

Ben Benita

Author - "Are You More Likely TO See Bigfoot OR A SHort Sale Approval Letter?"

- available on Amazon

 

Aug 27, 2010 10:15 PM