"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 are very familiar with and embrace those guidelines, because some of those guidelines in FHA are very flexible and made them (the guidelines) to help you get it done, others are real strict.
Because we handle so many of these FHA pre-foreclosure sales and short sales and we’d like to keep up to date on these things, we’ll be able to help you out. So what I’d like you to do is pick up the phone, give us a call at 520-615-8400, and we’ll be in touch soon.
Check us out at Polston Results Team.
- Shawn Polston, FHA Short Sale Specialist - Tucson Short Sale Specialist
Polston Results Team - Keller Williams Southern Arizona
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