#1
August 24th, 2016, 08:13 AM
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Bank of America FHA Short Sale
What is eligibility to get benefits of Bank of America Federal Housing Administration (FHA) Short Sale, would you plz tell me
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#2
August 24th, 2016, 08:24 AM
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Re: Bank of America FHA Short Sale
Bank of America is the second largest bank holding company in the United States by assets, it provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. As you asking I am telling eligibility to get benefits of Bank of America Federal Housing Administration (FHA) Short Sale, You may be approved to participate in an FHA Short Sale if you meet all of the following criteria: You don't qualify for a loan modification or other FHA home retention option You're experiencing a permanent financial hardship such as a job loss, divorce, medical emergency, or a death, and are unable to afford your current mortgage You have only one FHA-insured loan Your property is owner-occupied, unless the following apply: - Your reason for leaving the property is the same reason you couldn't make your mortgage payments - The property wasn't purchased as rental investment or used as a rental unit for more than 18 months You're able to offer a clear title to the property |
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