HUD Short Sale Help!
The Housing and Urban Development is a government entity with goals of bolstering the housing market around the Nation while providing options for homeowners and the elderly. Two products associated with HUD are FHA loans and many Reverse Mortgage. The Federal Housing Administration is a branch of HUD and insures mortgages for FHA approved lenders. Reverse Mortgages are provided to borrowers and property meeting strict criteria.
A FHA or Reverse Mortgage short sale are both governed by HUD guidelines. If you want more information in regards to these guidelines it is recommended that you contact us or go to the respective government sites. The guidelines determine borrower eligibility for relocation money, minimum NET proceeds required for an approved short sale, occupancy time frames , plus much more.
If you are looking for information about anything short sale related, please fill out the form below and you will be contacted shortly.