FHA Loan Short Sale

Last updated by Glen Hendersonon July 29, 2022

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FHA Short Sale (Federal Housing Administration)

If you have an FHA loan, you can qualify for an FHA loan short sale (Federal Housing Administration) if the Department of Housing and Urban Development (HUD) reviews the file and determine that you have a qualifying hardship. All FHA short sales are governed by HUD guidelines.

A short sale in real estate happens when the total proceeds received from selling a house do not cover the total cost of paying off the mortgage and expenses involved in selling. Because the government controls short sales on FHA loans, the process is time-consuming and can be confusing to homeowners.

Basic FHA Short Sale Guidelines

There are some short sale guidelines for FHA and criteria for short sales.

Relocation Assistance

Did you know that you could be eligible to receive up to $10,000 for relocation? Check with us to see if you qualify for any lender provided incentives.

Learn More

https://www.sdshortsaleexperts.com/short-sale/learn-about-short-sales/fha-loan-short-sale/