Short sale a reverse mortgage.

[Sean Dougherty]

Is it doable? Lien $450k, homes current value=$400k

[Wayne Brooks]

@Sean Dougherty As @Minna Reid mentioned…yes, you can do a short on a RM. But, the short sale can only be approved for at least 95% of current fha appraisal which would be done by the lender….these are fha guidelines that must be followed since the fha insured the loan.