I have a strong prospective O/O SF FHA " PFC prospect up for the sale next month. Under the new guidelines of FHA to resolve pre-foreclosure/foreclosure problems. Is it possible for me (any of us) to write the deal up as we would a short sale & proceed with lender even though it’s secured I believe 82% of value of the note since it is a guaranteed program.
What say any of my great minds out here. Any help. I may even have my end buyer now. Since house needs work perhaps a 203K my work since it will be an O/O home. TAX CREDIT ETC.