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HUD short sale

FHA or HUD Short Sales

Hello everyone this is Kelly Cook with the Kelly Cook Real Estate Group, your real estate specialist. You can find us online at www.KellyCookHomes.com. We specialize in helping homeowners find alternatives to foreclosure through the means of a short sale. The topics we are specifically addressing today are HUD or FHA short sales. FHA is backed by HUD or Housing Urban Development. HUD calls the shots but FHA is the marketing name for the type of loan many borrowers use to purchase their property. FHA is very popular because there is a low down payment when obtaining a mortgage to buy a house. Right now the FHA loan limits are only 3.5% down and if a seller wants to contribute to the buyer’s closing cost assistance the buyer can truly only get into the property for 3.5% down which is amazing. However, because very few people that did an FHA put much money down, there are a lot of FHA short sales. So HUD is very specific when it comes to short selling an FHA loan. So if you have an FHA loan out there and you are considering short selling your home, please talk to a specialist. Don’t talk to a new agent who says they are a specialist but really has maybe done one short sale in their entire career. Talk to a specialist like us who have done over 400 short sales over the past several years and have several contacts and not just with banks that service your FHA loan but directly with HUD. so give us a call today we would love to chat with you about your short sale situation with your FHA loan or even your VA loan as VA is also backed by HUD as well. HUD has very specific procedures.

The great thing with doing a HUD, FHA, or VA short sale is that you can receive up to $1,000 back at closing for doing a short sale. So they will actually pay you to do a short sale. Give us a call we would like to help you out. Our number is 480-442-9868 or you can email us at info@kellycookhomes.com. You can also go to our sister website at MyHomeValueCalculator.com which will tell you instantly what the value of your property is in today’s market. Thanks and I hope you have a great day.

Is It Possible To Complete A Short Sale On My HUD Owned Mortgage?

Hello everyone my name is Kelly Cook with the Kelly Cook Real Estate Group, your :k1: short sale specialist, thank you for your time today. Our team of short sale experts are working with :k1: homeowners every day helping them avoid foreclosure through the short sale process. If you are behind on your mortgage and unsure of your options take a minute to browse my website or call me today to learn how the Kelly Cook Real Estate Group can help you with all your real estate needs.

For my blog today I wanted to talk about completing short sales on :k1: properties that may be associated with HUD, the FHA, or the VA. HUD, which stands for Housing & Urban Development, are the primary investor on any loans originated through the VA or FHA and in turn own many of the mortgages in the :k1: area. A short sale through HUD can be done but there are very stringent guidelines that must be met in order to qualify. Because I have experience working with HUD I always make sure and contact the lender on the short sale file once it is determined HUD is the investor. For a HUD short sale I communicate with the lender frequently to ensure that all these guidelines are being followed and your HUD short sale is going as smooth as possible. It can be surprising how many lenders in :k1: do not have HUD short sale experience and the last thing we want to do is slow down the sale of your distressed property. These are just a few of the reasons why it is always important to find a short sale agent with knowledge and experience of the lender and investor on your file.

If you questions on your mortgage or to start your short sale today fill out a contact form on my website or call my office directly so we can help get you out from under your mortgage debt. Thank you for your time today and I hope to hear from you soon at the Kelly Cook Real Estate Group here in :k1:.