7. Make sure to note if your small sale is a conventional loan, FHA pre-foreclosure sale, or VA small sale….
More here:
How to Qualify a Small Sale Agent
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Mary Alice Short, a real estate agent in Minnesota, described a common type of fraud in the short sale arena where borrowers sometimes have a relative or partner purchase the property in a short sale and rent it back to the defaulted ... Under HAFA, the Treasury will provide incentives to servicers that provide short sales and deeds-in-lieu of foreclosures to borrowers who do not qualify for a loan modification through the Home Affordable Modification Program (HAMP). ...