You may be approved to participate in an FHA Short Sale if you meet all of the following criteria:
You don't qualify for a loan modification or other FHA home retention option
You're experiencing a permanent financial hardship such as a job loss, divorce, medical emergency, or a death, and are unable to afford your current mortgage
You have only one FHA-insured loan
Your property is owner-occupied, unless the following apply:
- Your reason for leaving the property is the same reason you couldn't make your mortgage payments
- The property wasn't purchased as rental investment or used as a rental unit for more than 18 months
- Your reason for leaving the property is the same reason you couldn't make your mortgage payments
- The property wasn't purchased as rental investment or used as a rental unit for more than 18 months
You're able to offer a clear title to the property
For more information click our links or call us direct at
909-996-4470
800641-7490
No comments:
Post a Comment