Скачать или смотреть FHA Short Sale I Woodland Short Sale Agent and Default Advocate Mike Rigley

http://www.shortsaleandloanmod.info Woodland Short Sale Agent and Default Advocate Mike Rigley brings you the latest Woodland short sale information. Today he discusses

Woodland Short Specialist and Default Advocate Mike Rigley discusses FHA Woodland Short Sales PART I

Woodland Short Sale Specialist, Default Advocate, Distressed Property Expert and Woodland Short Sale Agent Mike Rigley here bringing you the latest Woodland Short Sale Information. Thank you for joining us. Today let's talk about FHA Woodland Short Sales.

Now we have completed well over 100 short sales since 2010. We have cleared 1st, 2nd and even 3rd liens on a property. We have cleared State and Federal tax liens. We have cleared UCC-1 liens and have worked with most lenders from credit unions to private lenders to the big five- Wells Fargo, Chase, Bank of America, Citi and Ally / GMAC. We have even worked with some of the toughest servicers like PNC and Green Tree but I have to say that our most challenging Woodland Short Sales are those where the loan is FHA insured.

You see the Department of Housing and Urban Development -- HUD as they are commonly called have different rules to participate in an FHA insured Woodland Short Sale and every lender is different in how they handle the process.

In an FHA Woodland Short Sale the homeowner must first be approved to enter the FHA short sale program before the file will even be reviewed. The interviewer may suggest a loan modification is the better route and steer the file in that direction.

Once approved for the FHA short sale program the financials will be further reviewed and a value for the property established. If all checks out FHA will agree to what is referred to as an ATP or Authorization to Participate. The ATP will dictate the terms of the short sale and what the minimum they will accept in the Woodland Short Sale.

With the ATP in hand, if there is already an offer the servicer will then review the offer and if it meets all requirements, approve the Woodland Short Sale. Typically the process should only take 60-90 days but our experience is it can and usually does take far longer. It is going to greatly depend on not only the servicer but the specific negotiator as much as anything else.

Next time we'll talk about the specific requirements of an FHA Woodland Short Sale

Is a Woodland Short Sale Right for Me?

To get a better idea of when your Woodland home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation or for the latest Woodland short sale information. Call me today and sleep better tonight; you'll be glad you did

If you are a homeowner who has missed payments, possibly facing foreclosure, owe more than your home is worth or are just looking for short sale information, please contact Mike Rigley, Short Sale Specialist and Default Advocate at 888-317-9376 or [email protected] for a free no obligation confidential consultation and receive the latest information on your options to avoid foreclosure and the benefits of a short sale.

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If you owe more than your home is worth, want to know how long in todays present market it will take until your home is worth what you owe? Check out our calculator at http://www.shortsaleandloanmod.info

Consistently ranked as one of Northern California's top Short Sale Agents and Specialist, Mike Rigley is one of the areas premiere Certified Default Advocates. With his strong focus on assisting homeowners in need, Mike offers a straightforward no nonsense consultation designed to give you all the information and facts to enable you to make the best decision for you and your family. As every situation is different, Mike offers his insight and knowledge of the default process and all the options available to you to avoid foreclosure. Mikes experience of representing both homeowners in distress avoid foreclosure and his insider knowledge of the default process makes' Mikes experience unique. Trained and personally coached by the former Chief Loss Mitigator of IndyMac bank, Mike understands what the banks are looking for and how best to assist you in your time of need. Call Mike today toll free at 888-317-9376 for your free consultation and sleep better tonight