Tag Archive : short sale buyer

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What Are FHA Rules For Buying A Home After Short Sale?

       FHA Loans

What Are FHA Rules For Buying A Home After Short Sale? HUD that oversees FHA came out with the Mortgagee Letter in Dec 2009 which essentially gave FHA’s blessing for buyers who were forced to short sell their homes to be able to buy a home just 1 day after short sale! Here’s the rules Buyers are NOT eligible if…… Read More »

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What Are FHA Rules For Buying A Home After Short Sale?

       FHA Loans

What Are FHA Rules For Buying A Home After Short Sale? HUD that oversees FHA came out with the Mortgagee Letter in Dec 2009 which essentially gave FHA’s blessing for buyers who were forced to short sell their homes to be able to buy a home just 1 day after short sale! Here’s the rules Buyers are NOT eligible if…… Read More »

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Can A buyer do this on a Short sale ? -check this out (FHA)

       FHA Loans

Had a call Friday and Agent says the seller’s lender will approve the short sale but will not allow any payment from Seller to bring the delinquent Homeowners Association dues current. The responsibility would fall on the buyer to do so. QUESTION: Can the Buyer come out of pocket to pay the seller’s HOA arrears so the deal can close?…… Read More »