Archive for the 'HUD Repos' Category

Jul

13

Beware of Seller’s Concession Limitation on FHA Short Sales

July 13, 2011 | 1 Comment

07/13/2011 by Dean Henderson, CRMS When there is a Short Sale(AKA Pre-Foreclosure Sale) on a HUD, FHA loan, and the new Buyer is also getting a new FHA loan, HUD only allows up to a maximum of 1.0% for Seller’s Concessions or Allowable Closing Costs. If you see the link below, and look at page [...]

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