I read about these as well HLS. Interesting times huh?
Anyways, I just am on the cusp on a short sale closing where I am the listing agent. This beast is like a dragon that has been taking almost a year to slay but the loan funded on Friday for the buyers and we actually did record at the end of the day. The last step is that the loan servicing company for the sellers wants the certified HUD signed by both parties. Odd…
The sellers did go the 3% down route with the FHA loan. I will be curious to see how the requirements pan out with credit scores, income levels and verification, etc….
Personally I agree with the statement YIKEs… Soon they’ll be giving away money on corners again…
