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