I’ve been working on this SS and come to find out it’s an FHA loan with HSBC and the homeowner vacated last weekend!!! I was told that a lender on an FHA loan will not even look at a short sale once they find out it’s vacant. What does anyone know about this? Is the homeowner screwed. I thought we could get some rental furniture in there or something before the BPO, something. Any ideas :banghead
Correct. If the owner vacates a house with a FHA loan, you cannot do a short sale. Don’t know that there is anything you can do about that, besides having them move back in. And since a short sale is not a guarantee it may end up being for nothing.