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Updated almost 16 years ago,

User Stats

169
Posts
65
Votes
Larry Moore
  • Real Estate Investor
  • Belvidere, IL
65
Votes |
169
Posts

FHA short sale forms

Larry Moore
  • Real Estate Investor
  • Belvidere, IL
Posted

Since the Dec letter that changed the FHA Pre Foreclosure Sale program, has anyone found that lenders are no longer requiring the Application to Participate and Homeowner Counseling Cert HUD Forms? The letter made them obsolete, but I don't know if lenders are up to speed yet. Also, I heard on a webinar that lenders are still accepting 82% net of appraisal, even though there is a new schedule based on time listed. I haven't done an FHA short sale this year, and am wondering if I should just get the old documents as before if I run across one.