Tag Archive for Philadelphia shortsales

Good news for homeowners facing foreclosure!

If you are a Philadelphia homeowner facing foreclosure and are considering a shortsale, the process will may become easier for you beginning June 15th! The Federal Housing Administration (FHA) now requires final shortsale decisions within 60 days on Freddie Mac…

Stupid things that shortsale banks say

Working another shortsale today, and the bank (Citi) asks me to provide an “affidavit of arm’s length transaction” for the file. I ask the customer service rep to provide a copy of their approved affidavit, and she tells me to…