It is very very rare for a Sacramento short sale not to be approved in today's market. An agent would have to deliberately mess up the short sale or not follow instructions to force a rejection. I realize, though, this covers a large percentage of agents, especially those who never do short sales. But for those of us Sacramento real estate agents who routinely get short sales accepted and sell hundreds of them, it is very odd not to get an acceptance.
Every so often, one falls into a certain situation that when you're dealing with HUD on an FHA short sale cannot be fixed. The HAFA program has easier guidelines to follow than FHA. HUD is immovable. HUD is worse than Fannie Mae, and I don't know any agent who really "enjoys" working on a Fannie Mae short sale. One can submit a request for a variance through HUD and usually that will do the trick. Unless it doesn't.
Read more in my personal blog today on my business website about Fighting HUD in an FHA Short Sale.
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