Short Sale Client Policy Changes

Mar 21, 2009

Due to recent changes in the way mortgage company loss mitigation departments have been processing short sale purchase offers, we have been forced to decline requests for help in certain situations.

Until some level of consistency in the process is implemented, we are no longer accepting new clients who have two mortgages that are held at separate banks.

Freddie Mac and Fannie Mae are currently working to improve the system. Our goal is to abandon this policy as soon as possible so we can offer assistance to everyone who needs it.

In the mean time, we will continue to provide short sale services to anyone in Houston with an FHA mortgage.

In the Houston, we also work with conventional and VA short sales, as long as they do not have multiple loans at separate banks. Regardless, we are always happy to refer a trusted specialist to anyone requiring services which we are not able to provide, so please feel free to contact us with any questions.

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