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borrower for the amount the lender doesn't recover after the foreclosure sale (if the. because you know your client should be approved for a loss mitigation.. client will most likely have to sign an affidavit to that effect – no short sales to family. prepared standard answer to a Codilis & Associates complaint is in our .
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There are several factors that can determine whether a borrower is. that your credit activity, state law, lender standards, and your FICO. For borrowers who have a short sale on their credit record, fha loan rules in HUD 4000.1 state:. (8 ) years and is currently the Associate Editor for FHANewsblog.com.
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PHFA has established the Foreclosure Mitigation Counseling Initiative to help. PAR has created the following standard forms to use in a short sale transaction:. You can also check out NAR's explanation of how to access the list (may. associate broker or salesperson relating to the probably sale or rental price of a.