Does anyone know the latest FHA rule re can the buyer of a short sale getting an FHA loan pay a 3rd party short sale fee?

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Well said.  The point is, that no one has a monopoly on ideas and best practices.  If you are at all concerned with the welfare of the seller, you will seek out the best assistance you can find, whether that is an attorney, third party negotiator, or yourself or another agent if you have adequate experience.

www.josephalfe.com

You're right Becky.  There are a lot of opinions here, I'm still not sure the original question has been answered, which was:  Does anyone know the latest FHA rule re can the buyer of a short sale getting an FHA loan pay a 3rd party short sale fee?

It was answered, and I will answer it again:

Unlike Fannie/Freddie guidelines, which specifically allow buyers to pay short sale fees, FHA does not say it is allowed, but does not say it's not.  Because of this, it is a 50/50 chance that an individual FHA underwriter will make a decision either way.  The best action then, is to ask the buyers lender in the beginning so as to prevent surprises at the end.

www.josephalfe.com

Thank you Joseph.  Excellent advice!

Becky, this is an
Open
Forum. There is help here if you need it, there are opinions also if you need them. Take what you need and leave the rest.

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