mortgagee=lender mortgagor=borrower Short sales are predicated on a property's as-is, fair market value. If it's in the lender interest to participate in a short sale, and it satisfies FHA criteria, the exposure to loss is reduced... and that's the servicer's duty.
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mortgagee=lender
mortgagor=borrower
Short sales are predicated on a property's as-is, fair market value.
If it's in the lender interest to participate in a short sale, and it satisfies FHA criteria, the exposure to loss is reduced... and that's the servicer's duty.