Who can loan to a short sale seller immediately after the sale goes thru or before it goes thru? Sellers are current on their payments.
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Who can loan to a short sale seller immediately after the sale goes thru or before it goes thru? Sellers are current on their payments.
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Hey Bob.....um....just saying....I don't think anyone can for at least 90 days with the new fraud prevention guidelines handed down by the CFPB earlier this year. I could be wrong, it may only impact federally backed loans but, I do believe that if a loan goes out on a short sale the same day, or a couple days later, it triggers a fraud flag. It especially becomes scrutinized if the loan has a variance on the appraisal.