You Want To Short Sell Your Overland Park Home & You Have An FHA Loan.

By
Real Estate Agent with Hinton Group-ReMax Premier Realty

Question Mark as to Short Selling

You want to short sell your Overland Park Home & you have an FHA loan.

Did you know that if you want to short sell your Overland Park Home & you have an FHA loan with the "Federal Housing Authority (FHA)" that the requirements for you to short sell your home are different than a traditional conventional style short sell.  Yep...Housing and Urban Development (HUD) has specific requirements and guidelines for determining if your FHA insured home qualifies to for short sale approval.

And guess what?  Did you know that the first requirement before you get your heart set on submitting an offer for the short sale of your home is that you are approved to participate in the FHA short sale program to begin with!!  Folks, don't "put the horse before the cart".  Make sure you know what the requirements are for short selling your Overland Park if you have an FHA loan.

Question MarkRequest a Free Confidential, no obligation, analysis of your home and options that may be available to you to help reduce the burden you may have.

Because we specialize in selling Overland Park homes and in short selling homes with an FHA loan, contact us for more information as to the requirements for short selling your home.

Kansas and Missouri Short Sale real estate agent having successfully closed a number of short sales with Bank of America, Chase, Citi, US Bank, Wells Fargo, BBT, and others.

(There are potential tax consequences that should be discussed with a tax professional.  Please do not interpret this information as providing legal, tax or other professional advice which you should seek independently before you short sell your Overland Park Home & you have an FHA loan.)
(image courtesy digitalart-FreeDigitalPhotos.net)

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Suzanne HintonAbout the Author:  Suzanne Hinton and The Hinton Group are recognized local real estate experts for the Overland Park KS home market as well as the Johnson County KS home market.  Suzanne can be reached at 913-529-1453.
 

 

 

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Rainmaker
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Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Just curious to know what the differences are.. I did not know this.  If you have a few moments, it would be great to find out what those difference are.

July 24, 2012 07:24 PM #1
Rainmaker
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Suzanne Hinton
Hinton Group-ReMax Premier Realty - Prairie Village, KS
Broker-Associate, Overland Park Homes, Houses, Rea

Thanks Joan for reading our post.  For more information about FHA short sales, Bank of America has a great resource section which you may be aware of at bankofamerica.com/shortsaleagent.  They sponsored a very informative webinar yesterday on FHA Preforeclosure Short Sales and provided a great deal of insight as to the unique requirements for an FHA short sale.  Hope you find it helpful. 

July 25, 2012 03:49 PM #3
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Suzanne Hinton

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