Sentences with phrase «previous foreclosures and short sales»

Recently FHA announced in mortgage letter 2013 - 26 the ability to FOREGO the current three year waiting period for previous Foreclosures and Short Sales before you can qualify for an FHA Loan if the borrower had an ECONOMIC EVENT that created a hardship.

Not exact matches

Strike One — Loan Servicing: Green Tree misrepresented that customers had to make additional payments to be eligible for a loan modification; failed to honor loan modifications from previous loan servicers; and misrepresented the time it would take to respond to a request for a short sale, causing people to fall into delinquency or even foreclosure.

My husband and I stumbled upon a house in Georgia, It was supposedly foreclosed, but when we made the offer at the beginning of march, we found out CW never actually followed through foreclosure with the previous owner, so after coverting to short sale, the previous owner accepted our offer, but we all know with CW that doesn't mean JACK.

Short sales (where the sales price was below the estimated amount of all outstanding loans for a given property) of properties not in foreclosure increased 15 percent from the previous quarter and were up 17 percent from the third quarter of 2011.

There are fewer foreclosures and short sales available, though still many more in this market than in previous years.