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Updated almost 16 years ago on . Most recent reply

Larry Moore's profile image
Larry Moore's profile image
Larry Moore
  • Real Estate Investor
  • from Belvidere, Illinois
  • Member since Jan 28, 2009
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169
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Larry Moore's profile image
Larry Moore's profile image
Larry Moore
  • Real Estate Investor
  • from Belvidere, Illinois
  • Member since Jan 28, 2009
Connect
Larry Moore
  • Real Estate Investor
  • Belvidere, IL
65
Votes |
169
Posts
Foreclosures

Short Sale on FHA loans

Larry Moore
  • Real Estate Investor
  • Belvidere, IL
Posted

Just got a call from a pre-forclosure that has an FHA loan with Countrywide/BoA. Said the property is in great condition, just needs a new roof. The last Countrywide FHA short sale I attempted was a complete waiste of time, and overall, no success with FHA shorts at all, so I took a pass. Particularly with the new guidelines, is anyone finding that FHA shorts are worth pursuing?

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