RE: Hud counseling for homeowners wanting to do a short sale

[Art Jackson]

I want to share with everyone the most recent situation on a short sale i'm working on Wells Fargo. I was told that if the loan is an FHA loan that the homeowner(not investor, or realtor)must do a 15 to 20 minute phone interview that the homeowner has to have their income docs and a list of all of their expenses. Once this is completed, the homeowner will get a written response within 30 days. If approved, the short sale process can continue, if declined, the homeowner cannot do a short sale AT ALL. Has anyone else experienced this and if so can you share the counseling call with the homeowner? Art