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HUD Mortgagee Letter 2013-23; Updated Pre-Foreclosure Sales (PFS)

The US Department of Housing and Urban Development has come out with another FHA Approved Mortgagee Servicing Letter.  The letter is dated July 9, 2013; however, it did not take affect until October 1, 2013.

Many clients currently involved in the short sale process may be having some problems due to the fact that HUD now has a credit score threshold, a new way to calculate whether the homeowner has a financial hardship and an occupancy requirement.

Contact attorney John R. Parnell, Jr. to assist you with your short sale

Written by
John R. Parnell Jr. Esq.
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